Summary

• Page properties (1 modified, 0 added, 0 removed)

Details

Page properties

Content

...	...	@@ -8,7 +8,6 @@
8	8	* Indus Towers Limited has over 183,462 towers and 332,551 co-locations and a nationwide presence covering all 22 telecom circles.
9	9	* Indus’ leading customers are Bharti Airtel, Vodafone Idea Limited and Reliance Jio Infocomm Limited
10	10
11		-
12	12	[[image:INDUSTOWER0.jpg||height="348" width="689"]]
13	13
14	14
...	...	@@ -118,7 +118,6 @@
118	118	|(% style="width:270px" %)Vodafone Idea Ltd|(% style="width:210px" %)11.8|(% style="width:219px" %)1,993.40
119	119	|(% style="width:270px" %)Reliance Jio Infocomm Ltd|(% style="width:210px" %)488.35|(% style="width:219px" %)57,122.65
120	120
121		-
122	122	== Merger Updates ==
123	123
124	124	Merger of erstwhile Indus Towers Limited with and into the Company: On April 25, 2018, Indus Towers Limited (formerly Bharti Infratel Limited) (the Company or Transferee Company) and its Joint Venture Company erstwhile Indus Towers Limited (erstwhile Indus or Transferor Company) and their respective shareholders and creditors entered into a scheme of amalgamation and arrangement (under section 230 to 232 and other applicable provisions of the Companies Act, 2013) (Scheme) to create a panIndia tower company operating across all 22 telecom service areas. Subsequently, the Scheme received requisite regulatory approvals including approval from National Company Law Tribunal (NCLT), Chandigarh vide its order dated May 31, 2019 read with its order dated October 22, 2020.
...	...	@@ -151,12 +151,13 @@
151	151	Total Tower base of 183,462 with closing sharing factor of 1.81
152	152
153	153
154		-Indus Towers Limited (Formerly Bharti Infratel Limited) (“Indus Towers” or “the Company”) today announced its audited Consolidated results for the second quarter ended September 30, 2021. Following the merger between Bharti Infratel Limited and Indus Towers, effective November 19, 2020, the results filed under Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, are not comparable with the results disclosed prior to the effective date. Hence, the Company has given proforma unaudited consolidated results (see note). The Consolidated revenue for the quarter was Rs.6,877 Crore, up 8% Y-o-Y. Consolidated EBITDA was at Rs.3,641 Crore, up 17% Y-o-Y and representing an operating margin of 52.9%. The net profit for the quarter was Rs.1,559 Crore, up 38% Y-o-Y. The Operating Free Cash Flow was at Rs. 2,109 Crore up 29% Y-o-Y. The Return on Equity (Pre Tax) increased to 40.9% as against 35.7% on Y-o-Y basis [Return on Equity (Post Tax) increased to 30.9% as against 26.7% Yo-Y basis]. The Return on Capital Employed increased to 23.8% as against 20.6% on Y-o-Y basis.
	152	+Indus Towers Limited (Formerly Bharti Infratel Limited) announced its audited Consolidated results for the second quarter ended September 30, 2021. Following the merger between Bharti Infratel Limited and Indus Towers, effective November 19, 2020, the results filed under Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, are not comparable with the results disclosed prior to the effective date. Hence, the Company has given proforma unaudited consolidated results. The Consolidated revenue for the quarter was Rs.6,877 Crore, up 8% Y-o-Y. Consolidated EBITDA was at Rs.3,641 Crore, up 17% Y-o-Y and representing an operating margin of 52.9%. The net profit for the quarter was Rs.1,559 Crore, up 38% Y-o-Y. The Operating Free Cash Flow was at Rs. 2,109 Crore up 29% Y-o-Y. The Return on Equity (Pre Tax) increased to 40.9% as against 35.7% on Y-o-Y basis [Return on Equity (Post Tax) increased to 30.9% as against 26.7% Yo-Y basis]. The Return on Capital Employed increased to 23.8% as against 20.6% on Y-o-Y basis.
155	155
156	156	Bimal Dayal, Managing Director and CEO, Indus Towers Limited (Formerly Bharti Infratel Limited), said:
157	157
158	158	“This was a significant quarter for the telecom industry in the backdrop of announcement of major reforms which has resulted in sharp improvement in business sentiments. The company welcome this vital step and are prepared to partner with its stakeholders in the journey towards Digital India. The company continued to improve its operational performance with increase in net colocations during the quarter and delivered a strong financial performance.”
159	159
	158	+{{putFootnotes/}}
160	160
161	161	= References =
162	162