Indus Towers surges over 2.5% after Q3 PAT surges 16% yoy at Rs1,571cr

28 Jan 2022 , 12:26 PM

Indus Towers Limited consolidated revenues for the third quarter ended December 31, 2021, rose 3% yoy at Rs6,927cr. Consolidated EBITDA for the quarter at Rs3,704cr, up 3% yoy. Consolidated Profit after Tax for the quarter at Rs1,571cr, up 16% yoy. Consolidated Operating Free Cash Flows for the quarter at Rs2,279cr, up 21% yoy.

Total Tower base of 184,748 with closing sharing factor of 1.81. The Return on Equity (Pre-Tax) increased to 39.3% as against 34.2% on yoy basis. Return on Equity (Post Tax) increased to 29.8% as against 25.5% yoy basis. The Return on Capital Employed increased to 24.5% as against 21.3% on yoy basis.

At around 12.14 PM, Indus Towers Ltd was trading at Rs255.75 per piece up by Rs6.25 or 2.51% from its previous closing of Rs249.50 per piece on the BSE.

Bimal Dayal, Managing Director and CEO, Indus Towers, said, “Government through its policies reiterated its commitment towards ensuring the health and stability of the sector, and the telecom operators reciprocated suitably which is expected to aid the financial and operational well-being of the sector participants.

At Indus Towers, the quarter marked completion of a year of operations of the merged entity which has made our industry leadership positioning more robust. Our steady operational and financial performance during the quarter was reassuring. We believe that our focus to promote passive infrastructure sharing and capitalize on adjacencies will help us further strengthen our commitment of Putting India First through connecting lives.”