Indus Towers Delivers Strong Q1 FY25 Performance

Indus Towers Limited announced robust financial results for the first quarter ended June 30, 2024. The company reported a consolidated revenue of ₹7,383 crores, marking a 4.3% year-on-year increase. Notably, EBITDA surged 29.4% to ₹4,545 crores, translating to a healthy EBITDA margin of 61.6%.

Driven by improved operational efficiency and cost management, Indus Towers’ net profit for the quarter soared by 42.9% year-on-year to ₹1,926 crores. This exceptional performance was further reflected in the company’s enhanced profitability metrics. Return on Equity (Pre-Tax) jumped to 34.7% from 18.7% in the previous year, while Return on Capital Employed improved to 20.9% from 13.8%.

A significant factor contributing to the strong bottom line was a write-back of ₹760 crores in provision for doubtful receivables, aided by successful collections of past dues. This demonstrates the company’s effective credit management and debt recovery efforts.

Prachur Sah, Managing Director and CEO of Indus Towers Limited said: “Another quarter of robust tower additions reaffirms our competitive strength in the passive infrastructure space. Business growth, along with continued collection of past dues, underpinned our strong financial performance. We expect network expansion and 5G deployments by our customers to continue to act as growth levers. We are confident of building on these opportunities to create value for our shareholders in a sustainable manner.”

About Indus Towers Limited

Indus Towers Limited is India’s leading provider of passive telecom infrastructure. It deploys, owns, and manages telecom towers and communication structures for various mobile operators. The Company’s portfolio of 225,910 telecom towers makes it one of the largest tower infrastructure providers in the country, with a presence in all 22 telecom circles.

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