Indus Towers Q1 PAT rises 26% yoy to Rs1,415cr; Stock trades flat

The company (formerly Bharti Infratel) reported consolidated revenue for the quarter was Rs6,797cr in June 30 ended quarter of 2021.

Jul 30, 2021 03:07 IST India Infoline News Service

Quarterly Results
Indus Towers Limited (Formerly Bharti Infratel Limited) on Thursday announced its consolidated results for the first quarter ended June 30, 2021. Following the merger between Bharti Infratel Limited and Indus Towers, effective November 19, 2020.

The company’s consolidated revenue for the quarter was Rs6,797cr in June 30 ended a quarter of 2021, up 12% yoy compared to 6,086cr on June 30 ended the quarter of 2020. Consolidated EBITDA for the quarter was at Rs3,529cr, up 13% yoy and representing an operating margin of 51.9%. EBITDA in Q1FY21 was Rs3,119cr.

The net profit for the quarter was Rs1,415cr, up 26% yoy compared to Rs1,121cr in Q1FY21. The Operating Free Cash Flow was at Rs2,041cr down 4% yoy from Rs2,120cr in Q1FY21. The Return on Equity (Pre Tax) increased to 40.5% as against 37.7% on yoy basis. The Return on Equity (Post Tax) decreased to 30.4% as against 30.7% yoy basis. The Return on Capital Employed increased to 22.9% as against 21.1% on yoy basis.

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.”

Towards close of trade on Friday, Indus Towers Limited was trading at Rs222.30 per piece up Rs0.45 or 0.20% on the BSE.

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