Indus Towers Limited has announced its audited consolidated results for the first quarter ended June 30, 2021.
Indus Towers reported consolidated revenues at Rs 67.97 billion during the quarter, up 12 per cent Y-o-Y. Meanwhile, company’s consolidated profit after tax (PAT) stood at Rs 14.15 billion, up 26 per cent Y-o-Y. Further, consolidated EBITDA was at Rs 35.29 billion, up 13 per cent Y-o-Y and representing an operating margin of 51.9 per cent. The operating free cash flow was at Rs 20.41 billion down 4 per cent Y-o-Y. The return on equity (Pre Tax) increased to 40.5 per cent as against 37.7 per cent on Y-o-Y basis. The return on capital employed increased to 22.9 per cent as against 21.1 per cent on Y-o-Y basis.
Following the merger between Bharti Infratel Limited and Indus Towers, effective November 19, 2020, the results filed under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are not comparable with the results disclosed prior to the effective date. Hence, the Company has given proforma unaudited consolidated results.
Commenting on the development, Bimal Dayal, Managing Director and CEO, Indus Towers Limited, said, “The Q1 of FY22 witnessed the second wave of Covid-19 pandemic impacting lives and livelihoods across the country on one hand and severe cyclones in many states on the other. Indus Towers continues to stand tall against all odds to ensure support for customers, society and nation. The Company has also delivered a strong financial performance for the quarter.”
