Gurugram, Haryana, India, October 23, 2024: Indus Towers Limited (“Indus Towers” or “the Company”) today announced its audited Consolidated results for the second quarter ended September 30, 2024. The Consolidated revenue for the quarter was at Rs. 7,465 Crores, up 4.7% Y-o-Y. Consolidated EBITDA was at Rs. 4,907 Crores, up 42.0% Y-o-Y and representing an EBITDA margin of 65.7%. The net profit for the quarter was Rs. 2,224 Crores, up 71.7% Y-o-Y. The Return on Equity (Pre-Tax) improved to 38.9% as against 20.4% on Y-o-Y basis [Return on Equity (Post Tax) improved to 29.0 % as against 15.1% Y-o-Y basis]. The Return on Capital Employed improved to 22.9% as against 14.0% on Y-o-Y basis. The Q2 FY25 had a write back of Rs. 1,077 Crores in provision for doubtful receivables, aided by collections against past overdue.

Prachur Sah, Managing Director and CEO, Indus Towers Limited, said:

 “Our operational performance reflects sustained demand for network expansion and our endeavour towards securing a larger share of our customers’ rollouts. This continues to drive our financial performance, aided by steady collection of past overdue from a major customer. Given a healthy cash generation, we rewarded our shareholders through buyback during the quarter. We expect the performance to continue in the wake of network expansion plans of our customers over near to medium term. Guided by our strategic priorities and inherent capabilities, we remain confident of capitalizing on these opportunities and generating value for all our stakeholders.”