Q4FY23 Quarterly & FY23 Annual Result Announced for Indus Towers Ltd.
Telecom Services company Indus Towers announced Q4FY23 & FY23 results: Consolidated Q4FY23: Total Tower base of 1,92,874 with a closing sharing factor of 1.78 Revenues at Rs 6,753 crore, down 5% YoY EBITDA at Rs 3,447 crore, down 15% YoY Profit after Tax at Rs 1,399 crore, down 23% YoY Operating Free Cash Flows at Rs 1,155 crore, down 58% YoY Consolidated FY23: Revenues at Rs 28,382 crore, up 2% YoY EBITDA at Rs 9,767 crore, down 35% YoY Profit after Tax at Rs 2,040 crore, down 68% YoY Operating Free Cash Flows at Rs 2,618 crore, down 71% YoY Prachur Sah, Managing Director & CEO, Indus Towers (Formerly Bharti Infratel), said: “We ended the year on a positive note with a robust operational performance and improvement in collections during the last quarter. The renewal of co-locations with our major customers during the year has secured our business over the long run. Furthermore, the rapid pace of 5G rollouts and new tower rollouts supported by our major customer’s focus on expansion are expected to act as strong levers of growth for the foreseeable future. Being the largest passive infrastructure player in the country, we are well placed to tread this growth path in a sustainable way.” Result PDF27-04-2023
