Indus Towers shares correct 7% as 'doubtful debt provision' hits Q3 scorecard
Indus Towers posted consolidated loss of Rs 708.2 crore for quarter ended December FY23, against profit of Rs 1,570.8 crore in corresponding period last fiscal.25-01-2023
25-01-2023
Q3FY23 Quarterly Result Announced for Indus Towers Ltd.
Indus Towers announced Q3FY23 results: Consolidated Q3FY23: Total tower base of 1,89,392 with closing sharing factor of 1.79 Revenues at Rs 6,765 crore, down 2% YoY EBITDA at Rs 1,186 crore, down 68% YoY Net loss after Tax at Rs 708 crore Operating Free Cash Flows at Rs (621) crore Prachur Sah, Managing Director and CEO, Indus Towers Limited (Formerly Bharti Infratel Limited), said: “Our strong business fundamentals have enabled us to deliver a steady operational performance during the quarter. Our financial performance remains impacted as we have adopted stringent accounting practices amid persistent shortfall in collections. The rapid rollout of 5G services across the country marks an exciting phase for the telecom sector. Indus being the leading tower infrastructure Company, stands to benefit from this opportunity and continues to participate in this journey.” Result PDF25-01-2023
Indus Towers posts Rs 708 crore loss in Q3
The company's revenue declined by about 2 per cent to Rs 676.5 crore during the reported quarter from Rs 692.74 crore in the December 2021 quarter, according a regulatory filing.24-01-2023
Indus Towers Ltd - 534816 - Disclosure Under Regulation 52(7) And 52(7A) Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Please find attached herewith the disclosure required to be made pursuant to Regulation 52(7) and 52(7A) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended December 31, 2022.24-01-2023
Indus Towers Ltd - 534816 - Quarterly Report For The Third Quarter (Q3) And Nine Months Ended December 31, 2022
Pursuant to Regulation 30 and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the quarterly report being released by the Company w.r.t. the audited financial results for the third quarter (Q3) and nine months ended December 31, 2022.24-01-2023
Indus Towers Ltd - 534816 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release w.r.t. audited financial results for the third quarter (Q3) and nine months ended December 31, 202224-01-2023
Indus Towers Ltd - 534816 - Financial Results For The Third Quarter (Q3) And Nine Months Ended December 31, 2022
In compliance with Regulation 30 and 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the following for the third quarter (Q3) and nine months ended December 31, 2022: ? Audited consolidated financial results as per Ind-AS; ? Audited standalone financial results as per Ind-AS; ? Auditor's reports on the aforesaid financial results. The above financial results have been reviewed by the Audit & Risk Management Committee in its meeting held today i.e., January 24, 2023 and based on its recommendation, approved by the Board of Directors in its meeting held today i.e., January 24, 2023. The Board Meeting commenced at 3.05 p.m. and concluded at 7:16 p.m.24-01-2023
Indus Towers Ltd - 534816 - Board Meeting Outcome for Outcome Of Board Meeting
In compliance with Regulation 30 and 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the following for the third quarter (Q3) and nine months ended December 31, 2022: ? Audited consolidated financial results as per Ind-AS; ? Audited standalone financial results as per Ind-AS; ? Auditor's reports on the aforesaid financial results. The above financial results have been reviewed by the Audit & Risk Management Committee in its meeting held today i.e., January 24, 2023 and based on its recommendation, approved by the Board of Directors in its meeting held today i.e., January 24, 2023. The Board Meeting commenced at 3.05 p.m. and concluded at 7:16 p.m.24-01-2023
Indus Towers Ltd - 534816 - Certificate Under SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 Dated August 10, 2021 And Circular No. SEBI/HO/DDHS/DDHS Div1/P/CIR/2022/0000000103 Dated July 29, 2022 As Updated On December 01, 2022
This is to certify that proceeds of Commercial Papers issued by the Company have been used for the purposes specified in the Disclosure Document submitted to the National Stock Exchange of India Limited for each issuance. We further certify that the listing conditions specified in Chapter XVII of the captioned circular dated August 10, 2021, have been adhered to by the Company.20-01-2023
Indus Towers Ltd - 534816 - Prior Intimation Of Record Date For Commercial Paper
Pursuant to SEBI circular no. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and circular no. SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/0000000103 dated July 29, 2022 as updated on December 01, 2022, read with FAQs issued by the National Stock Exchange of India Limited, we hereby inform that the record date for outstanding Commercial Papers having ISIN- INE121J14200 is 01/02/2023 and having ISIN- INE121J14218 is 30/01/2023.20-01-2023