IndusTowers announces Consolidated results for the third quarterended December31, 2021

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IndusTowersLimited(FormerlyBhartiInfratelLimited)(“Indus Towers” or “the Company”) today announced its audited Consolidated results for the thirdquarter ended December 31, 2021. Following the merger between Bharti Infratel Limited and IndusTowers, effective November 19, 2020, the results filed under Regulation 33 and Regulation 52 of theSEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, are notcomparable with the results disclosed prior to the effective date. Hence, the Company has given proformaunaudited consolidated results (see note). The Consolidated revenue forthe quarter was Rs.6,927 Crore,up3%Y-o-Y.ConsolidatedEBITDAwasatRs.3,704Crore,up3%Y-o-Yandrepresentinganoperatingmarginof53.5%.ThenetprofitforthequarterwasRs.1,571Crore,up16%Y-o-Y.TheOperatingFreeCash Flow was at Rs. 2,279 Crore up 21% Y-o-Y. The Return on Equity (Pre-Tax) increased to 39.3%asagainst34.2%onY-o-Ybasis[ReturnonEquity(PostTax)increasedto29.8%asagainst25.5% Y-o-Ybasis].TheReturnonCapitalEmployedincreasedto24.5%asagainst21.3%onY-o-Ybasis.


“Governmentthroughitspoliciesreiterateditscommitmenttowardsensuringthehealthandstabilityof the sector, and the telecom operators reciprocated suitably which is expected to aid the financialandoperationalwell-beingofthesectorparticipants.

At Indus Towers, the quarter marked completion of a year of operations of the merged entity whichhas made our industry leadership positioning more robust. Our steady operational and financialperformance during the quarter was reassuring. We believe that our focus to promote passiveinfrastructure sharing and capitalize on adjacencies will help us further strengthen our commitment ofPuttingIndiaFirstthroughconnectinglives.”

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