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Broker's call: Indus Towers (Add)

Emkay Global
02-05-2024
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Q4FY24 Quarterly & FY24 Annual Result Announced for Indus Towers Ltd.

Telecom services company Indus Towers announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Total Tower base of 2,19,736 with closing sharing factor of 1.68 Consolidated Revenues at Rs 7,193 crore, up 6.5% YoY Consolidated EBITDA at Rs 4,103 crore, up 19.0% YoY Consolidated Profit after Tax at Rs 1,853 crore, up 32.4% YoY FY24 Financial Highlights: Total Tower base of 2,19,736 with closing sharing factor of 1.68 Consolidated Revenues at Rs 28,601 crore, up 0.8% YoY Consolidated EBITDA at Rs 14,694 crore, up 50.4% YoY Consolidated Profit after Tax at Rs 6,036 crore, up 195.9% YoY Prachur Sah, Managing Director and CEO, Indus Towers, said, “We had a remarkable year, evidenced by our strong operational and financial performance. The network expansion by a major customer and increase in our market share helped us deliver record tower additions, surpassing the milestone of 200,000 towers On the financial front, we were pleased to see steady collections and part clearance of the over dues. We expect the ongoing network expansion and 5G rollouts, supplemented by the encouraging developments around a major customer’s fund raise to provide a fillip to our growth. While we continue with our growth journey, we remain steadfast in our commitment to sustainability.” Result PDF
02-05-2024

Indus Towers Q4 Result: Net Profit Rises 32% To Rs 1,853 Crore

Indus Towers reported a 32% rise in net profit to Rs 1,853 crore for Q4, with revenue from operations growing 6.5% to Rs 7,193.2 crore.
30-04-2024
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