Indus Towers Limited has announced its audited consolidated results for the fourth quarter (Q4) and full year ended March 31, 2025. Consolidated revenue for the quarter was at Rs 77.27 billion, up from Rs 71.93 billion in Q4 2023-24, a 7.4 per cent year-on-year (YoY) increase. Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) increased to Rs 43.95 billion in Q4 2024-25 from Rs 41.03 crore in Q4 2023-24, rising 7.1 per cent YoY and representing an EBITDA margin of 56.9 per cent.
Net profit for the quarter decreased to Rs 17.79 billion from Rs 18.53 billion in the reported period, down 4.0 per cent YoY. Return on Equity (Pre-Tax) improved to 44.2 per cent as against 33.7 per cent on YoY basis [Return on Equity (Post Tax) improved to 33.4 per cent as against 25.1 per cent YoY basis]. Return on Capital Employed improved to 29.1 per cent as against 19.4 per cent on YoY basis. Q4 2024-25 had a write back of Rs. 226 billion in provision for doubtful receivables, aided by collections against past overdue.
During the quarter, the company acquired passive infrastructure assets from Bharti Airtel and accounted for the same as a common control transaction in accordance with Ind AS 103 which requires restatement of financial results of Indus Towers from the date on which common control was established that is Nov 19, 2024. Accordingly, Q4 2024-25 financial results includes an accounting impact of Rs 1.83 billion for operating expenses and depreciation.
Commenting on the results, Prachur Sah, managing director and chief executive officer (CEO), Indus Towers Limited, said, “2024-25 was another excellent year for us with an all-round performance. We delivered one of our highest ever tower and co-location additions as we continued to garner a major share of our customers’ rollouts. Further supplementing our additions was the acquisition of an important tower portfolio, reflecting our agility for driving growth. This has underpinned our robust financial performance, including healthy cash flow generation. I am also pleased to see that our continued engagement with a major customer ensured recovery of its overdues this year. We believe that the industry developments during the year have only strengthened the outlook for the company and the sector. Given our inherent strengths and leadership position, we are confident of maintaining the momentum by capitalising on customers’ network expansion and available strategic opportunities.”
