Indus Towers’ PAT zooms to Rs 4003 crore; collections of previous overdue aids Q3 scorecard

NEW DELHI: Indus Towers on Thursday reported greater than doubling of its consolidated internet revenue to Rs 4,003 crore within the third quarter of 2024-25 on the again of sturdy tower and colocation additions in addition to vital collections of overdue from “a significant buyer”. The December quarter had a write-back of Rs 3,024 crore in provision for uncertain receivables, aided by collections towards previous overdue, the corporate mentioned in its earnings launch.
The tower infrastructure firm expects the resumption of community enlargement by “a significant buyer” and rollouts by others, to drive progress.
The consolidated revenue after tax stood at Rs 4,003 crore, 160 per cent year-on-year improve as in comparison with Rs 1,541 crore in Q3FY24.
The quarter noticed an enchancment on numerous metrics together with return on capital employed, which rose to 29.3 per cent as towards 19.2 per cent on Y-o-Y foundation.
“We’re happy to see our means to keep up a dominant share of our main clients’ rollouts reap dividends within the type of sturdy tower and colocation additions, reiterating our superior execution capabilities and buyer centric method,” Prachur Sah, Managing Director and CEO, Indus Towers mentioned.
The sturdy additions together with vital collections of overdue from a significant buyer helped the corporate report a wonderful monetary efficiency, he defined.
“We count on the resumption of community enlargement by a significant buyer coupled with the rollouts by different clients to behave as sturdy levers of progress,” he added.