Indus Towers Limited (formerly Bharti Infratel Limited) last week announced the consolidated financial results for the quarter ending December 31, 2020, registering a net profit of Rs 1,360 crore. The company’s consolidated revenues stood at Rs 6,736 crore, EBIDTA at Rs 3,608 crore with operating free cash flows at Rs 1,876 crore.
The company during the quarter completed the merger of Bharti Infratel and erstwhile Indus Towers with both companies coming together with zero disruption. Indus Towers Limited witnessed strong network rollouts across the country with the company reporting its highest ever net tower additions in a quarter.
“This was a milestone quarter for the Company with the completion of merger between Bharti Infratel Limited and erstwhile Indus Towers. The two companies have come together with zero disruption with customers and other stakeholders in the last few months, a testament to the strength of the people that have been working collaboratively across teams. Operationally, we have witnessed strong network rollouts across the country and the Company has reported its highest ever net tower additions in a quarter. We believe with the newer technologies and developments in the telecom space, the potential for passive infrastructure remains vibrant. Going forward the merged company, Indus Towers Limited will continue to support its customers in delivering the Government’s Digital India Vision.”
Bimal Dayal, Managing Director and CEO, Indus Towers Limited (Formerly Bharti Infratel Limited)
The number of total towers at Q3 FY 21 end stood at 175,510 up from 172,094 at Q2 FY 21 end whereas the number of total co-locations stood at 318,310 at Q2 FY 21 end up from 314,106 at Q2 FY 21 end. The sharing revenue per tower per month stood at Rs 82,732 at Q3 FY 21 end up from Rs 78,379 at Q2 FY 21 end.