Indus Towers Limited (“Indus Towers” or “the Company”) today announced its audited Consolidated results for the first quarter ended June 30, 2023.
The Consolidated revenue for the quarter was ₹7,076 Crores, up 3 percent YoY. Consolidated EBITDA was at ₹ 3,514 Crores, up 51 percent YoY and representing an operating margin of 49.7 percent. The net profit for the quarter was ₹ 1,348 Crores, up 182 percent YoY.
The Operating Free Cash Flow was at ₹ 535 Crores, down 34 percent YoY. The Return on Equity (Pre-Tax) dropped to 18.7 percent as against 39.0 percent on YoY basis [Return on Equity (Post Tax) dropped to 13.8 percent as against 29.5 percent YoY basis].
The Return on Capital Employed dropped to 13.8 percent as against 22 percent on YoY basis. The financials for Q1 FY23 were impacted by a provision for doubtful debt of ₹ 1,233 Crores.
Indus Towers Limited shares
The shares of Indus Towers Limited on Thursday at 3:30pm IST were at ₹176.75, down by 2.19 percent.
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