Earnings Review
Indus Towers Jul-Sept consol PAT up 15% on qtr at INR 22 bln
This story was originally published at 21:18 IST on 22 October 2024
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--Indus Towers Jul-Sept consol PAT INR 22.24 bln vs INR 19.26 bln qtr ago
--Indus Towers Jul-Sept consol sales INR 74.65 bln vs INR 73.83 bln qtr ago
--Indus Towers Apr-Sept consol PAT INR 41.49 bln vs INR 26.43 bln year ago
--Indus Towers Apr-Sept consol sales INR 148.48 bln vs INR 142.08 bln yr ago
--Indus Towers Jul-Sept consol EBITDA INR 49.07 bln, up 42% on year
--Indus Towers Jul-Sept total tower base 229,658 units vs 225,910 qtr ago
--Indus Towers: Sustained ops, collections aided Jul-Sept fincl performance
MUMBAI – Indus Towers Ltd. reported a consolidated net profit of INR 22.24 billion for Jul-Sept, up 15.5% from INR 19.26 billion a quarter ago. Analysts had expected the company's net profit to be in the range of INR 16.72 billion-18.25 billion. The company's consolidated revenue from operations was INR 74.65 billion, up 1.1% from INR 73.83 billion a quarter ago. On a year-on-year basis, the mobile tower installation company's bottom line was up 71.7%, and revenue was up 4.7%. Other income rose 102% to INR 1.14 billion this quarter from INR 564 million a quarter ago, and up 17% from a year ago.
The company reported earnings before income, taxes, depreciation, and amortisation of INR 49.07 billion in the latest quarter, up 42% on year. Total expenditure was INR 25.58 billion, down 9.9% from INR 28.38 billion a quarter ago. Finance costs were INR 4.61
billion, down marginally from INR 4.59 billion a quarter ago. The tax outgo for the quarter was INR 7.57 billion, up from INR 6.66 billion a quarter ago. More
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