On consolidated basis
Quarter ended December 2024 compared
with Quarter ended December 2023.
Net sales (including other operating income) of Indus Towers has increased
4.84% to Rs 7547.4 crore.
Operating profit margin has jumped
from 49.78% to 92.19%, leading to 94.14% rise in operating profit to Rs
6,958.10 crore. Employee cost increased from 2.76% to 2.87%.
Other expenses fell from 47.46% to 4.94%. Power and Oil
fuel cost fell from 38.83% to 37.43%.
Other income fell 15.27% to Rs 83.8
crore. PBIDT rose 91.21% to Rs 7041.9 crore. Provision
for interest rose 2,279.44% to Rs 254.6 crore.
PBDT rose 84.83% to Rs 6787.3
crore. Provision for depreciation fell 1.70% to Rs 1568.5
crore.
Profit before tax grew 151.33% to Rs
5,218.80 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 1215.6 crore, compared
to Rs 536 crore. Effective tax rate was 23.29% compared to 25.81%.
Minority interest was nil in both the
periods. Net profit attributable to owners of the company increased
159.86% to Rs 4,003.20 crore.
Promoters’ stake was 50.00% as of 31
December 2024 ,compared to 69.00% as of 31 December 2023 .
Year-to-date (YTD) results analysis
Net sales (including other operating income) of Indus Towers has increased
4.62% to Rs 22395.7 crore.
Operating profit margin has jumped
from 48.98% to 72.90%, leading to 55.71% rise in operating profit to Rs
16,326.00 crore. Employee cost increased from 2.71% to 2.77%.
Other expenses fell from 48.32% to 24.33%. Power and
Oil fuel cost fell from 39.60% to 38.48%.
Other income rose 0.59% to Rs 254.1
crore. PBIDT rose 54.41% to Rs 16580.1 crore. Provision
for interest rose 77.48% to Rs 1080.3 crore.
PBDT rose 53.03% to Rs 15499.8
crore. Provision for depreciation rose 4.75% to Rs 4709.1
crore.
Profit before tax grew 91.55% to Rs
10,790.70 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 2638.1 crore, compared
to Rs 1450.4 crore. Effective tax rate was 24.45% compared to
25.75%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company
increased 94.89% to Rs 8,152.60 crore.
Promoters’ stake was 50.00% as of 31
December 2024 ,compared to 69.00% as of 31 December 2023 .
Full year results analysis.
Net sales (including other operating income) of Indus Towers has increased
0.77% to Rs 28600.6 crore.
Operating profit margin has jumped
from 34.07% to 50.90%, leading to 50.56% rise in operating profit to Rs
14,556.60 crore. Employee cost increased from 2.73% to 2.74%.
Other expenses fell from 63.21% to 46.37%. Power and
Oil fuel cost rose from 37.32% to 38.98%.
Other income fell 0.06% to Rs 361.1
crore. PBIDT rose 48.73% to Rs 14917.7 crore. Provision
for interest fell 49.42% to Rs 735.4 crore. Loan funds rose to Rs
20,531.00 crore as of 31 March 2024 from Rs 19,184.90 crore as of 31 March
2023. Sundry debtors were higher at Rs 6,450.70 crore as of 31 March
2024 compared to Rs 4,868.70 crore as of 31 March 2023. Cash and
bank balance rose to Rs 63.10 crore as of 31 March 2024 from Rs 22.40 crore as
of 31 March 2023.
PBDT rose 65.37% to Rs 14182.3
crore. Provision for depreciation rose 13.82% to Rs 6059.9 crore. Fixed
assets increased to Rs 39,708.90 crore as of 31 March 2024 from Rs 32,715.10
crore as of 31 March 2023. Intangible assets declined from Rs 23.10
crore to Rs 13.20 crore.
Profit before tax grew 149.76% to Rs
8,122.40 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 2086.2 crore, compared
to Rs 719.3 crore. Effective tax rate was 25.68% compared to 26.07%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company
increased 195.89% to Rs 6,036.20 crore.
Equity capital stood at Rs 2,694.90
crore as of 31 March 2024 to Rs 2,694.90 crore as of 31 March
2023. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 69.00% as of 31
March 2024 ,compared to 69.00% as of 31 March 2023 . Promoters
pledged stake was 30.50% as of 31 March 2024 ,compared to 30.50% as of 31 March
2023 .
Cash flow from operating activities
increased to Rs 11,582.10 crore for year ended March 2024 from Rs 7,904.80
crore for year ended March 2023. Cash flow used in acquiring fixed
assets during the year ended March 2024 stood at Rs 8,952.90 crore, compared to
Rs 3,622.60 crore during the year ended March 2023.
Others:
Total Tower base of 234,643 with
closing sharing factor of 1.65
Diversification:
Indus Towers Limited, India`s
leading telecom tower infrastructure provider, has decided to pursue suitable
business opportunities in the Electric Vehicle (EV) charging infrastructure
sector and received the approval of its Board of Directors for the same subject
to prudential framework. The Company has already launched pilot EV charging
stations in Gurugram and Bengaluru.
Management Comment:
Commenting
on the performance Mr Prachur Sah, Managing Director & CEO, Indus Towers
said, “We are pleased to see our ability to maintain a dominant share of our
major customers’ rollouts reap dividends in the form of robust tower and
colocation additions, reiterating our superior execution capabilities and
customer centric approach. The strong additions along with significant
collections of overdue from a major customer helped us record an excellent
financial performance.
We
expect the resumption of network expansion by a major customer coupled with the
rollouts by other customers to act as strong levers of growth. We remain
cognizant of the sustainability aspect in our growth plans, and our focus on
securing strategic partnerships under Green Energy Open Access is a step in
that direction.”
Indus Towers : Consolidated Results | | Quarter ended | Year to Date | Year ended |
---|
Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
---|
Net Sales (including other operating income) | 7,547.40 | 7,199.00 | 4.84 | 22,395.70 | 21,407.40 | 4.62 | 28,600.60 | 28,381.80 | 0.77 | OPM (%) | 92.19 | 49.78 | 4,241 bps | 72.90 | 48.98 | 2,392 bps | 50.90 | 34.07 | 1,683 bps | OP | 6,958.10 | 3,584.00 | 94.14 | 16,326.00 | 10,485.00 | 55.71 | 14,556.60 | 9,668.60 | 50.56 | Other Inc. | 83.80 | 98.90 | -15.27 | 254.10 | 252.60 | 0.59 | 361.10 | 361.30 | -0.06 | PBIDT | 7,041.90 | 3,682.90 | 91.21 | 16,580.10 | 10,737.60 | 54.41 | 14,917.70 | 10,029.90 | 48.73 | Interest | 254.60 | 10.70 | 2,279.44 | 1,080.30 | 608.70 | 77.48 | 735.40 | 1,453.90 | -49.42 | PBDT | 6,787.30 | 3,672.20 | 84.83 | 15,499.80 | 10,128.90 | 53.03 | 14,182.30 | 8,576.00 | 65.37 | Depreciation | 1568.5 | 1595.7 | -1.70 | 4709.1 | 4495.4 | 4.75 | 6059.9 | 5323.9 | 13.82 | PBT | 5,218.80 | 2,076.50 | 151.33 | 10790.7 | 5633.5 | 91.55 | 8122.4 | 3252.1 | 149.76 | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | PBT before EO | 5218.8 | 2076.5 | 151.33 | 10790.7 | 5633.5 | 91.55 | 8122.4 | 3252.1 | 149.76 | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | -492.8 | - | PBT after EO | 5218.8 | 2076.5 | 151.33 | 10790.7 | 5633.5 | 91.55 | 8122.4 | 2759.3 | 194.36 | Taxation | 1215.6 | 536 | 126.79 | 2638.1 | 1450.4 | 81.89 | 2086.2 | 719.3 | 190.03 | PAT | 4003.2 | 1540.5 | 159.86 | 8152.6 | 4183.1 | 94.89 | 6036.2 | 2040 | 195.89 | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | Net profit | 4003.2 | 1540.5 | 159.86 | 8152.6 | 4183.1 | 94.89 | 6036.2 | 2040 | 195.89 | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | Net profit after discontinued operations | 4003.2 | 1540.5 | 159.86 | 8152.6 | 4183.1 | 94.89 | 6036.2 | 2040 | 195.89 | EPS (Rs)* | 14.85 | 5.72 | 159.86 | 30.25 | 15.52 | 94.89 | 22.40 | 8.92 | 151.05 | | * EPS is on current equity of Rs 2,694.94 crore, Face value of Rs 10, Excluding extraordinary items. | # EPS is not annualised | bps : Basis points | EO : Extraordinary items | Figures in Rs crore | Source: Capitaline Corporate Database |
|
|