Q1FY24 Quarterly Result Announced for Indus Towers Ltd.
Other Telecom Services company Indus Towers announced Q1FY24 results: Total Tower base of 198,284 with closing sharing factor of 1.75 Consolidated Revenues at Rs 7,076 crore, up 3% YoY Consolidated EBITDA at Rs 3,514 crore, up 51% YoY Consolidated Profit after Tax at Rs 1,348 crore, up 182% YoY Operating Free Cash Flows at Rs 535 crore, down 34% YoY Strong tower additions and steady collections drive performance Prachur Sah, Managing Director and CEO, Indus Towers, said: “We are pleased to have delivered a solid operational performance in Q1FY24, with the highest quarterly tower additions in our history. The steady collections have aided our financial performance. We have made progress on key strategic priorities which are critical to our growth, competitiveness, and customer satisfaction. With the 5G rollouts by operators and network expansion of a major customer progressing at speed, Indus Towers is also keeping pace to capture the growth opportunity and create long-term value.” Result PDF27-07-2023
