Gurugram, Haryana, India, January 23, 2025: Indus Towers Limited (“Indus Towers” or “the Company”) today announced its audited Consolidated results for the third quarter ended December 31, 2024. Consolidated revenue for the quarter was at Rs. 7,547 Crores, up 4.8% Y-o-Y. Consolidated EBITDA was at Rs. 6,997 Crores, up 93.2% Y-o-Y and representing an EBITDA margin of 92.7%. Net profit for the quarter was Rs. 4,003 Crores, up 159.9% Y-o-Y. Return on Equity (Pre-Tax) improved to 46.1% as against 33.5% on Y-o-Y basis [Return on Equity (Post Tax) improved to 34.8% as against 24.8% Y-o-Y basis]. Return on Capital Employed improved to 29.3% as against 19.2% on Y-o-Y basis. Q3 FY25 had a write back of Rs. 3,024 Crores in provision for doubtful receivables, aided by collections against past overdue.

Prachur Sah, Managing Director and CEO, Indus Towers Limited, 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.”