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	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	292,405	286,006	283,818	277,172	139,543	67,430
Revenue Growth (YoY)	5.46%	0.77%	2.40%	98.63%	106.94%	-1.22%
Cost of Revenue	135,232	133,313	127,155	123,847	63,908	29,110
Gross Profit	157,173	152,693	156,663	153,325	75,635	38,320
Other Operating Expenses	-13,156	7,191	60,270	5,069	3,036	2,696
Operating Expenses	46,950	64,888	110,934	56,554	30,442	15,511
Operating Income	110,223	87,805	45,729	96,771	45,193	22,809
Interest Expense	-16,679	-16,374	-15,064	-14,383	-7,401	-2,794
Interest & Investment Income	9,259	11,231	2,158	948	905	919
Earnings From Equity Investments	-	-	-	-	8,663	13,805
Other Non Operating Income (Expenses)	-1,367	-1,382	-391	-6	-805	-88
EBT Excluding Unusual Items	101,436	81,280	32,432	83,330	46,555	34,651
Gain (Loss) on Sale of Investments	53	53	50	193	1,269	2,840
Gain (Loss) on Sale of Assets	2,786	2,793	2,614	2,551	823	384
Asset Writedown	-2,902	-2,902	-7,503	-1,767	-1,078	-
Pretax Income	101,373	81,224	27,593	84,307	47,569	37,875
Income Tax Expense	25,943	20,862	7,193	20,576	9,779	4,888
Net Income	75,430	60,362	20,400	63,731	37,790	32,987
Net Income to Common	75,430	60,362	20,400	63,731	37,790	32,987
Net Income Growth	126.28%	195.89%	-67.99%	68.65%	14.56%	32.28%
Shares Outstanding (Basic)	2,690	2,694	2,694	2,694	2,157	1,849
Shares Outstanding (Diluted)	2,690	2,694	2,695	2,695	2,158	1,849
Shares Change (YoY)	-0.23%	-0.01%	-0.00%	24.90%	16.68%	0.01%
EPS (Basic)	28.04	22.40	7.57	23.65	17.52	17.84
EPS (Diluted)	28.04	22.40	7.57	23.65	17.52	17.84
EPS Growth	126.79%	195.90%	-67.99%	35.03%	-1.82%	32.27%
Free Cash Flow	70,970	26,292	42,822	58,361	53,627	14,853
Free Cash Flow Per Share	26.38	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	53.75%	53.39%	55.20%	55.32%	54.20%	56.83%
Operating Margin	37.70%	30.70%	16.11%	34.91%	32.39%	33.83%
Profit Margin	25.80%	21.11%	7.19%	22.99%	27.08%	48.92%
Free Cash Flow Margin	24.27%	9.19%	15.09%	21.06%	38.43%	22.03%
EBITDA	146,470	122,933	76,280	129,153	64,459	33,207
EBITDA Margin	50.09%	42.98%	26.88%	46.60%	46.19%	49.25%
D&A For EBITDA	36,247	35,128	30,551	32,382	19,266	10,398
EBIT	110,223	87,805	45,729	96,771	45,193	22,809
EBIT Margin	37.70%	30.70%	16.11%	34.91%	32.39%	33.83%
Effective Tax Rate	25.59%	25.68%	26.07%	24.41%	20.56%	12.91%
Revenue as Reported	296,182	289,617	287,431	280,697	141,512	68,717

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