Indus Towers has reported strong financial results for the first quarter (Q1), with notable increases in key metrics compared to the same period last year (YoY):
- Net Profit: The company achieved a net profit of ₹1,925.9 crore, which is a 42.9% increase from ₹1,348 crore YoY.
- Revenue: The revenue grew by 4.3%, reaching ₹7,383 crore, up from ₹7,075.9 crore.
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): EBITDA rose by 29.4%, amounting to ₹4,545.3 crore, compared to ₹3,513.8 crore.
- EBITDA Margin: The EBITDA margin improved significantly to 61.6%, up from 49.7%.
Additionally, the company’s board has approved a share buyback plan of up to ₹2,640 crore, offering to buy shares at ₹465 per share via a tender route. This move is typically aimed at returning value to shareholders and may also help in improving the company’s earnings per share (EPS) by reducing the number of outstanding shares.
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