Indus Towers Limited (NSE: INDUSTOWER)

Indus Towers Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	289,077	286,006	283,818	277,172	139,543	67,430
Revenue Growth (YoY)	1.22%	0.77%	2.40%	98.63%	106.94%	-1.22%
Cost of Revenue	134,411	133,313	127,155	123,847	63,908	29,110
Gross Profit	154,666	152,693	156,663	153,325	75,635	38,320
Other Operating Expenses	-2,588	7,191	60,270	5,069	3,036	2,696
Operating Expenses	59,875	64,888	110,934	56,554	30,442	15,511
Operating Income	94,791	87,805	45,729	96,771	45,193	22,809
Interest Expense	-18,915	-16,374	-15,064	-14,383	-7,401	-2,794
Interest & Investment Income	10,995	11,231	2,158	948	905	919
Earnings From Equity Investments	-	-	-	-	8,663	13,805
Other Non Operating Income (Expenses)	2,163	-1,382	-391	-6	-805	-88
EBT Excluding Unusual Items	89,034	81,280	32,432	83,330	46,555	34,651
Gain (Loss) on Sale of Investments	-	53	50	193	1,269	2,840
Gain (Loss) on Sale of Assets	5	2,793	2,614	2,551	823	384
Asset Writedown	-	-2,902	-7,503	-1,767	-1,078	-
Pretax Income	89,039	81,224	27,593	84,307	47,569	37,875
Income Tax Expense	22,897	20,862	7,193	20,576	9,779	4,888
Net Income	66,142	60,362	20,400	63,731	37,790	32,987
Net Income to Common	66,142	60,362	20,400	63,731	37,790	32,987
Net Income Growth	127.25%	195.89%	-67.99%	68.65%	14.56%	32.28%
Shares Outstanding (Basic)	2,694	2,694	2,694	2,694	2,157	1,849
Shares Outstanding (Diluted)	2,694	2,694	2,695	2,695	2,158	1,849
Shares Change (YoY)	-0.01%	-0.01%	-0.00%	24.90%	16.68%	0.01%
EPS (Basic)	24.55	22.40	7.57	23.65	17.52	17.84
EPS (Diluted)	24.55	22.40	7.57	23.65	17.52	17.84
EPS Growth	127.28%	195.90%	-67.99%	35.03%	-1.82%	32.27%
Free Cash Flow	46,029	26,292	42,822	58,361	53,627	14,853
Free Cash Flow Per Share	17.08	9.76	15.89	21.66	24.86	8.03
Dividend Per Share	-	-	-	11.000	20.120	10.500
Dividend Growth	-	-	-	-45.33%	91.62%	-30.00%
Gross Margin	53.50%	53.39%	55.20%	55.32%	54.20%	56.83%
Operating Margin	32.79%	30.70%	16.11%	34.91%	32.39%	33.83%
Profit Margin	22.88%	21.11%	7.19%	22.99%	27.08%	48.92%
Free Cash Flow Margin	15.92%	9.19%	15.09%	21.06%	38.43%	22.03%
EBITDA	156,274	122,933	76,280	129,153	64,459	33,207
EBITDA Margin	54.06%	42.98%	26.88%	46.60%	46.19%	49.25%
D&A For EBITDA	61,483	35,128	30,551	32,382	19,266	10,398
EBIT	94,791	87,805	45,729	96,771	45,193	22,809
EBIT Margin	32.79%	30.70%	16.11%	34.91%	32.39%	33.83%
Effective Tax Rate	25.72%	25.68%	26.07%	24.41%	20.56%	12.91%
Revenue as Reported	292,687	289,617	287,431	280,697	141,512	68,717

Source: S&P Capital IQ. Standard template. Financial Sources.