Indus Towers Limited has announced its audited consolidated results for Q4FY22 and full year ended March 31, 2022. Following the merger between Bharti Infratel Limited and Indus Towers, effective November 19, 2020, the results filed under Regulation 33 and Regulation 52 of the Securities Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, are not comparable with the results disclosed prior to the effective date.
The consolidated revenue for the quarter was Rs 71.16 billion, registering a growth of 10 per cent year-on-year (Y-o-Y). Meanwhile, the consolidated earning before interest taxes depreciation and amortisation (EBITDA) stood at Rs 40.70 billion, witnessing 19 per cent Y-o-Y growth and representing an operating margin of 57.2 per cent.
Further, the net profit for the quarter is recorded to be Rs 18.29 billion, registering 34 per cent Y-o-Y. Also, the operating free cash flow is estimated to be Rs 27.34 billion, up by 83 per cent Y-o-Y. The return on equity (pre-tax) increased to 44.3 per cent as against 39.6 per cent on Y-o-Y basis, while return on equity (post-tax) increased to 33.5 per cent as against 29.6 per cent Y-o-Y basis. The return on capital employed increased to 25.7 per cent as against 22.1 per cent on Y-o-Y basis. In addition, the Board of Directors has declared an interim dividend for financial year 2021-22 of Rs 11 per share in its meeting.
Commenting on the financial results, Bimal Dayal, managing director and CEO, Indus Towers Limited, said, “Looking back on FY’22, team Indus did a commendable job by culminating a merger of such scale while fighting the pandemic and natural disasters. Despite all the challenges, Indus Towers delivered a robust financial performance and a sustained operational performance. The recent progressive steps taken by the government, and its thrust on 5G technology will accelerate the industry. Indus Towers remains fully committed to support its customers in enabling 5G connectivity across India.”
