Indus Tower Q1 FY 22 revenue up 12%; Profit grows by 26%

Indus Towers Limited (formerly Bharti Infratel Limited) has announced Q1 FY 22 consolidated revenue for the quarter of Rs. 6,797 crore, up 12% Y-o-Y whereas consolidated EBITDA was at Rs. 3,529 crore, up 13% Y-o-Y and representing an operating margin of 51.9%.

The net profit for the quarter was Rs. 1,415 crore, up 26% Y-o-Y. The Operating Free Cash Flow was at Rs. 2,041 crore down 4% Y-o-Y. The Return on Equity (Pre Tax) increased to 40.5% as against 37.7% on Y-o-Y basis.

Bimal Dayal, Managing Director and CEO, Indus Towers Limited (formerly Bharti Infratel Limited) said, “The Q1 of FY 22 witnessed the second wave of COVID-19 pandemic impacting lives and livelihoods across the country on one hand and severe cyclones in many states on the other. Indus Towers continues to stand tall against all odds to ensure support for customers, society and nation. The company has also delivered a strong financial performance for the quarter.”

Indus Towers Limited (formerly Bharti Infratel Limited) is India’s leading provider of passive telecom infrastructure and deploys, owns and manages over 180,000 telecom towers and communication structures, for various mobile operators. The company caters to all wireless telecommunication service providers in India and has been the industry pioneer in adopting green energy initiatives for its operations.

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