Indus Towers Limited (formerly Bharti Infratel Limited) has announced its audited consolidated results for the fourth quarter and full year ended March 31, 2021. The company’s consolidated revenue for the quarter stood at Rs 64.92 billion, recording a 3 per cent year on year (YoY) growth.

Further, consolidated EBITDA stood at Rs 34.13 billion, recording a 17 per cent YoY growth and representing an operating margin of 52.6 per cent. The net profit for the quarter was Rs 13.64 billion, recording 38 per cent YoY growth.

Meanwhile, the operating free cash flow stood at Rs 14.94 billion, recording a YoY growth of 2 per cent.

The return on equity pre tax increased to 39.6 per cent as against 37.6 per cent (return on equity post tax remained flat at 29.6 per cent) on YoY basis. Further, the return on capital employed pre tax was 22.1 per cent against 21.9 per cent respectively on YoY basis.

Bimal Dayal, managing director and CEO, Indus Towers Limited, said, “FY’2021 was a landmark year for the company. During the year, we completed the merger between Bharti Infratel and erstwhile Indus Towers. On the operational front we continued our strong momentum in 4Q’21 and delivered the highest ever annual gross tower additions. In the backdrop of the pandemic we continue to work closely with our customers to ensure seamless connectivity across the country. With the ongoing digital transformation across sectors, we see new opportunities for shared infrastructure providers like Indus Towers to usher in their next phase of growth.”