Indus Towers Limited has announced its financial reports for the second quarter (Q2) ended September 30, 2021.
The company reported its consolidated revenue for Q2 to be Rs. 68.77 billion, recording a growth of 8 per cent on YoY basis. Consolidated EBITDA for the quarter stood at Rs. 36.41 billion, higher by 17 per cent YoY. Consolidated profit after tax for the quarter witnessed a YoY growth of 38 per cent and stood at Rs. 15.59 billion.
Meanwhile, the operating free cash flows amounted to Rs 21.09 billion, recording a YoY growth of 29 per cent. The Return on Equity (pre-tax) increased to 40.9 per cent as against 35.7 per cent on Y-o-Y basis. Return on Equity (post-tax) increased to 30.9 per cent as against 26.7 per cent Y-o-Y basis. The return on capital employed increased to 23.8 per cent as against 20.6 per cent on Y-o-Y basis.
Commenting on the accelerating growth, Bimal Dayal, Managing Director and CEO said, “This was a significant quarter for the telecom industry in the backdrop of announcement of major reforms which has resulted in sharp improvement in business sentiments. We welcome this vital step and are prepared to partner with our stakeholders in the journey towards Digital India. We continued to improve our operational performance with increase in net colocations during the quarter and delivered a strong financial performance.”
