Q4 2024 Indus Towers Ltd Earnings Call Transcript
Key Points
- Indus Towers Ltd (BOM:534816) achieved its highest ever yearly tower additions, surpassing the milestone of 200,000 towers in its portfolio.
- The company maintained 100% collection against billing from a major customer and made progress on past dues collections.
- The rollout of 5G services by top operators has significantly contributed to loading revenue and strong growth.
- Indus Towers Ltd (BOM:534816) improved its network uptime to 99.97%, despite adverse weather conditions.
- The company has made substantial progress in its ESG initiatives, including a tenfold increase in its solar portfolio and a reduction in diesel consumption by 7%.
- The company's CapEx remained elevated due to accelerated rollouts by a major customer, impacting free cash flow.
- There is uncertainty regarding the timing and structure of overdue payments from a major customer.
- The ARPT (Average Revenue Per Tenant) has remained flat due to a mix of lower rental new rollouts and renewal discounts.
- The company's trade receivables increased by INR 4.3 billion due to timing differences in collections.
- Indus Towers Ltd (BOM:534816) faces ongoing challenges in balancing the rollout of macro towers and leaner towers, impacting overall CapEx and operational focus.
Good afternoon, ladies and gentlemen. I'm Sunita, the moderator for this conference. Welcome to the Indus Tower Limited fourth-quarter and year ended March 31, 2024 earnings call. (Operator Instructions)
Present with us on the call today is the senior leadership team of Indus Towers, Mr. Prachur Sah, MD and CEO; Mr. Tejinder Kalra, COO; Mr. Vinod Rao, Business Controller; and Mr. Dheeraj Agarwal, Head Investor Relations.
Before I hand over the call, I must remind you that the overview and discussion today may include certain forward-looking statements that must be viewed in conjunction with the risks that we face.
I now hand over the call to our first speaker of the day. Mr. Prachur Sah. Thank you, and over to you, Mr. Sah.
Thank you, Sunita, and a very warm welcome to all participants. Joining me today are my colleagues, Vikas Poddar, CFO; Tejinder Kalra, COO; and Dheeraj Agarwal, Head, Investor Relations, on the call. I'm pleased to
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