Indus Towers Limited – Media Release July 30, 2024Indus Towers LimitedIndus Towers announces Consolidated results for the First Quarter ended June 30,2024Consolidated Revenues for the quarter at Rs. 7,383 Crores, up 4.3% Y-o-YConsolidated EBITDA for the quarter at Rs. 4,545 Crores, up 29.4% Y-o-YConsolidated Profit after Tax for the quarter at Rs. 1,926 Crores, up 42.9% Y-o-YRobust Operational and Financial performance continues, Collections improveHighlights for the first quarter ended June 30, 2024• Total Tower base of 225,910 with closing sharing factor of 1.66• Consolidated Revenues at Rs. 7,383 Crores, up 4.3% Y-o-Y• Consolidated EBITDA at Rs. 4,545 Crores, up 29.4% Y-o-Y• Consolidated Profit after Tax at Rs. 1,926 Crores, up 42.9% Y-o-YGurugram, July 30, 2024: Indus Towers Limited (“Indus Towers” or “the Company”) today announcedits audited Consolidated results for the first quarter ended June 30, 2024. The Consolidated revenuefor the quarter was Rs. 7,383 Crores, up 4.3% Y-o-Y. Consolidated EBITDA was at Rs. 4,545 Crores,up 29.4% Y-o-Y and representing an EBITDA margin of 61.6%. The net profit for the quarter was Rs.1,926 Crores, up 42.9% Y-o-Y. The Return on Equity (Pre-Tax) improved to 34.7% as against 18.7% onY-o-Y basis [Return on Equity (Post Tax) improved to 25.7 % as against 13.8% Y-o-Y basis]. The Returnon Capital Employed improved to 20.9% as against 13.8% on Y-o-Y basis. Q1 FY25 had a write back ofRs. 760 Crores in provision for doubtful receivables, aided by collections against past overdue.Prachur Sah, Managing Director and CEO, Indus Towers Limited, said:“Another quarter of robust tower additions reaffirms our competitive strength in the passive infrastructurespace. Business growth along with continued collection of past dues underpinned our strong financialperformance.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 sustainablemanner.”Page 1 of 2Indus Towers Limited – Media Release July 30, 2024Summary of the Consolidated Statement of Income – Represents Consolidated Statement ofIncome as per IND AS.(Amount in Rs. Crores, except ratios)Quarter EndedParticularsJun-24 Jun-23 Y-on-YGrowthRevenue1 7,383 7,076 4.3%EBITDA1 4,545 3,514 29.4%EBIT1 2,944 2,105 39.8%Profit/(Loss) before Tax 2,592 1,810 43.2%Profit/(Loss) after Tax 1,926 1,348 42.9%Operating Free Cash Flow1&2 1,755 535 228.1%Adjusted Fund From Operations(AFFO)1&3 3,377 2,468 36.9%1. Revenue, EBITDA, EBIT, Operating free cash flow and Adjusted Fund from Operations (AFFO) are excluding other income.2. Operating Free Cash Flow is a non IND AS measure and is defined as EBITDA adjusted for capex and repayment of lease liabilities.3. Adjusted Fund From Operations is a non IND AS measure and is defined as EBITDA adjusted for Maintenance and General Corporate capexand repayment of lease liabilities.Tower & Co-Location BaseParameters Unit Jun 30,2024Mar 31,2024Q-on-QGrowthJun 30,2023Y-on-YGrowthMacroTowers Co-locations Key IndicatorsAverage Sharing Factor Closing Sharing Factor Sharing Revenue per Tower p.m.1 Sharing Revenue per Sharing Operator p.m.1 Nos Nos Times Times Rs Rs 225,910 374,928 1.67 1.66 68,562 41,094 219,736 368,588 1.69 1.68 70,027 41,435 6,174 6,340 -2.1% -0.8% 198,284 347,879 1.771.7573,380 41,556 27,62627,049-6.6%-1.1%Parameters Unit Jun 30,2024Mar 31,2024Q-on-QGrowthJun 30,2023Y-on-YGrowthLeanCo-locations Sharing Revenue per Sharing Operator p.m1 Nos Rs 11,178 16,301 10,686 14,799 492 10.1% 7,854 13,110 3,32424.3%1 A revenue item has been reclassified for both macro and lean towers, metrics. Previous period figures have been restated to conform to current quarter classification.and the corresponding changes have been made in the sharing revenueAbout Indus Towers LimitedIndus Towers Limited is India’s leading provider of passive telecom infrastructure and it deploys, owns and manages telecomtowers and communication structures, for various mobile operators. The Company’s portfolio of 225,910 telecom towers, makesit one of the largest tower infrastructure providers in the country with presence in all 22 telecom circles. Indus Towers caters toall wireless telecommunication service providers in India. The Company has been the industry pioneer in adopting green energyinitiatives for its operations. For further details visit www.industowers.comDisclaimer:[This communication does not constitute an offer of securities for sale in the United States. Securities may not be sold in theUnited States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Anypublic offering of securities to be made in the United States will be made by means of a prospectu
Indus Towers Limited – Media Release July 30, 2024
Indus Towers Limited
Indus Towers announces Consolidated results for the First Quarter ended June 30,
2024
Consolidated Revenues for the quarter at Rs. 7,383 Crores, up 4.3% Y-o-Y
Consolidated EBITDA for the quarter at Rs. 4,545 Crores, up 29.4% Y-o-Y
Consolidated Profit after Tax for the quarter at Rs. 1,926 Crores, up 42.9% Y-o-Y
Robust Operational and Financial performance continues, Collections improve
Highlights for the first quarter ended June 30, 2024
- Total Tower base of 225,910 with closing sharing factor of 1.66
- Consolidated Revenues at Rs. 7,383 Crores, up 4.3% Y-o-Y
- Consolidated EBITDA at Rs. 4,545 Crores, up 29.4% Y-o-Y
- Consolidated Profit after Tax at Rs. 1,926 Crores, up 42.9% Y-o-Y
Gurugram, July 30, 2024: Indus Towers Limited (“Indus Towers” or “the Company”) today announced
its audited Consolidated results for the first quarter ended June 30, 2024. The Consolidated revenue
for the quarter was Rs. 7,383 Crores, up 4.3% Y-o-Y. Consolidated EBITDA was at Rs. 4,545 Crores,
up 29.4% Y-o-Y and representing an EBITDA margin of 61.6%. The net profit for the quarter was Rs.
1,926 Crores, up 42.9% Y-o-Y. The Return on Equity (Pre-Tax) improved to 34.7% as against 18.7% on
Y-o-Y basis [Return on Equity (Post Tax) improved to 25.7 % as against 13.8% Y-o-Y basis]. The Return
on Capital Employed improved to 20.9% as against 13.8% on Y-o-Y basis. Q1 FY25 had a write back of
Rs. 760 Crores in provision for doubtful receivables, aided by collections against past overdue.
Prachur Sah, Managing Director and CEO, 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.”
Page 1 of 2
Indus Towers Limited – Media Release July 30, 2024
Summary of the Consolidated Statement of Income – Represents Consolidated Statement of
Income as per IND AS.
(Amount in Rs. Crores, except ratios)
Quarter Ended
Particulars
Jun-24 Jun-23 Y-on-Y
Growth
Revenue1 7,383 7,076 4.3%
EBITDA1 4,545 3,514 29.4%
EBIT1 2,944 2,105 39.8%
Profit/(Loss) before Tax 2,592 1,810 43.2%
Profit/(Loss) after Tax 1,926 1,348 42.9%
Operating Free Cash Flow1&2 1,755 535 228.1%
Adjusted Fund From Operations(AFFO)1&3 3,377 2,468 36.9%
- Revenue, EBITDA, EBIT, Operating free cash flow and Adjusted Fund from Operations (AFFO) are excluding other income.
- Operating Free Cash Flow is a non IND AS measure and is defined as EBITDA adjusted for capex and repayment of lease liabilities.
- Adjusted Fund From Operations is a non IND AS measure and is defined as EBITDA adjusted for Maintenance and General Corporate capex
and repayment of lease liabilities.
Tower & Co-Location Base
Parameters Unit Jun 30,
2024
Mar 31,
2024
Q-on-Q
Growth
Jun 30,
2023
Y-on-Y
Growth
Macro
Towers Co-locations Key Indicators
Average Sharing Factor Closing Sharing Factor Sharing Revenue per Tower p.m.1 Sharing Revenue per Sharing Operator p.m.1 Nos Nos Times Times Rs Rs 225,910 374,928 1.67 1.66 68,562 41,094 219,736 368,588 1.69 1.68 70,027 41,435 6,174 6,340 -2.1% -0.8% 198,284 347,879 1.77
1.75
73,380 41,556 27,626
27,049
-6.6%
-1.1%
Parameters Unit Jun 30,
2024
Mar 31,
2024
Q-on-Q
Growth
Jun 30,
2023
Y-on-Y
Growth
Lean
Co-locations Sharing Revenue per Sharing Operator p.m1 Nos Rs 11,178 16,301 10,686 14,799 492 10.1% 7,854 13,110 3,324
24.3%
1 A revenue item has been reclassified for both macro and lean towers, metrics. Previous period figures have been restated to conform to current quarter classification.
and the corresponding changes have been made in the sharing revenue
About Indus Towers Limited
Indus Towers Limited is India’s leading provider of passive telecom infrastructure and 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 presence in all 22 telecom circles. Indus Towers caters to
all wireless telecommunication service providers in India. The Company has been the industry pioneer in adopting green energy
initiatives for its operations. For further details visit www.industowers.com
Disclaimer:
[This communication does not constitute an offer of securities for sale in the United States. Securities may not be sold in the
United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any
public offering of securities to be made in the United States will be made by means of a prospectu