Indus Towers Q4 FY2 Conference Call Highlights | Receivables have decreased but the Vodafone future is still uncertain and cashflow challenges for Indus Towers remain

• Q4FY22: Revenues from Operations comprise primary revenues from colocations and their energy billings. Revenue from operations for the quarter ended March 31, 2022 was Rs 7116.3 Cr, up by 9.6% on Y-o-Y basis. Revenue from Operations includes exit charges amounting to Rs. 28.3 Cr recognized in financials for the quarter ended March 31, 2022 and Rs 181.6 Cr for the quarter ended March 31, 2021 as per accounting policy. Further, during the quarter, revenue from operations have increased by INR 547.3 Cr pursuant to onetime provision reversal.
• Total expenses for the quarter ended March 31, 2022, were Rs 3046.5 Cr, or 42.8% of revenues from operations. The largest component of expense during this period was power and fuel, amounting to Rs 2400.8 Cr.
• EBITDA, EBIT & Finance Cost For the quarter ended March 31, 2022, the company had an EBITDA of Rs 4069.8 Cr, up by 19.2% on a Y-oY basis & EBITDA margin of 57.2%.
• During the quarter ended March 31, 2022, the company had depreciation and amortization expenses of Rs 1364.9 Cr or 19.2% of revenues. The resultant EBIT for the quarter ended March 31, 2022, was Rs 2697.1 Cr, up by 29.6% on a Y-o-Y basis.
• Profit before Tax (PBT) for the quarter ended March 31, 2022, was Rs 2431.4 Cr, or 34.2% of revenues up by 35.4% on a Y-o-Y basis. Profit after Tax (PAT) The net income for the quarter ended March 31, 2022, was Rs 1828.5 Cr, or 25.7% of revenues, up by 34.1% on a Y-o-Y basis.
• Capital Expenditure, Operating Free Cash Flow, Adjusted Fund from Operations (AFFO) & Free Cash Flow For the quarter ended March 2022, the company incurred capital expenditure of Rs 634.8 Cr.
• Operating free cash flow during the quarter was Rs 2733.6 Cr up by 82.9% on a Y-o-Y basis.  Free Cash Flow during the quarter was Rs.2232 Cr.
• Highlights for the full year ended March 31, 2022: Consolidated Revenues at Rs. 27,717 Crore, up 8% Y-o-Y. Consolidated EBITDA at Rs. 14,943 Crore, up 13% Y-o-Y. Consolidated Profit after tax at Rs. 6,373 Crore, up 28% Y-o-Y. Operating Free Cash Flows at Rs. 9,162 Crore, up 29% Y-o-Y.
• Tower and Co-Location base & additions As of March 31, 2022, Indus owned and operated 185,447 towers with 335,791 co-locations in 22 telecommunications Circles in India. During the quarter, net co-locations increased by 685. Exits during the quarter were 627. For the quarter ended March 31, 2022, Indus had an average sharing factor of 1.81 per tower.

LEGAL DISCLAIMER:

Use of this information is at the users own risk. The Company and its directors, associates

and employees will not be liable for any loss or liability incurred to the user due to

investments made or decisions taken based on the information provided herein. The

investment discussed or views expressed herein may not be suitable for all investors. The

users should rely on their own research and analysis and should consult their investment

advisors to determine the merit, risks and suitability of recommendation. Past performance

is not a guarantee for future performance or future results. Information herein is believed to

be reliable, although its accuracy and completeness cannot be guaranteed. The images used

may be copyright of the company or third party. As a condition to using the services, the

user agrees to the terms of use of the website and the services.

DISCLOSURES UNDER SEBI (RESEARCH ANALYST) REGULATIONS, 2014:

Yadnya Academy Pvt. Ltd. (InvestYadnya) is registered with SEBI under SEBI (Research

Analyst) Regulations, 2014 with registration no. INH000008349.

Disclosure with regard to ownership and material conflicts of interest

1. Neither Research Analyst nor the entity nor his associates or relatives have any financial

interest in the subject Company;

2. Neither Research Analyst nor the entity nor its associates or relatives have actual /

beneficial ownership of one per cent or more securities of the subject Company, at the

end of the month immediately preceding the date of publication of the research report

or date of public appearance;

3. Neither Research Analyst nor the entity nor its associates or his relatives have any other

material conflict of interest at the time of publication of the research report or at the

time of public appearance.

Disclosure with regard to receipt of Compensation

1. The Research Entity and its associates have not received compensation from the subject

company in the past twelve months.

2. The subject company is not or was not a client during the twelve months preceding the

date of recommendation.