Indus Towers on Monday has come out with robust second-quarter earnings for the financial year 2021-22 (Q2FY22). Consolidated profit after tax of the company grew 38 per cent to Rs 1559 crore, and revenue gained by 8 per cent to Rs 6877 crore year-on-year basis in the Q2 of this fiscal.

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Similarly, the consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) stood at Rs 3,641 crore, up 17 per cent YoY and operating Free Cash Flows (FCF) at Rs. 2,109 crore, up 29 per cent YoY during the quarter, Indus Towers said in the earnings statement today.

Following the merger between Bharti Infratel Limited and Indus Towers, effective November 19, 2020, the results filed are not comparable with the results disclosed prior to the effective date, and have given proforma unaudited consolidated results, the company said in results filing.

Indus Towers Limited (formerly Bharti Infratel Limited) is India’s leading provider of passive telecom infrastructure and it deploys, owns, and manages telecom towers and communication structures, for various mobile operators. 

The company’s portfolio of over 1,83,000 telecom towers, makes it one of the largest tower infrastructure providers in the country with a presence in all 22 telecom circles.

The management in a commentary said, “This was a significant quarter for the telecom industry in the backdrop of announcement of major reforms which has resulted in a sharp improvement in business sentiments.”

The company said it aims to increase operational performance with an increase in net colocations during the quarter and delivered a strong financial performance.

The Return on Equity (Pre Tax) increased to 40.9 per cent as against 35.7 per cent on a YoY basis, similarly, the Return on Equity (Post Tax) increased to 30.9 per cent as against 26.7 per cent YoY basis. And, the Return on Capital Employed (ROCE) increased to 23.8 per cent as against 20.6 per cent on a YoY basis.