New Delhi, Jul 29 (PTI) Telecom infrastructure firm Indus Towers on Thursday posted a consolidated profit after tax of Rs 1,415 crore in the first quarter ended June 30, 2021.

Indus Towers had recorded profit after tax of Rs 1,121 crore in the same quarter a year ago.

"The first quarter of financial year 2022 witnessed the second wave of COVID-19 pandemic impacting lives and livelihoods across the country on one hand and severe cyclones in many states on the other. Indus Towers continues to stand tall against all odds to ensure support for customers, society and nation. The company has also delivered a strong financial performance for the quarter," Indus Towers Managing Director and CEO Bimal Dayal said.

The financial performance, however, is not comparable because the scheme of amalgamation and arrangement between Bharti Infratel and erstwhile Indus Towers Limited (a joint venture company) became effective on November 19, 2020.

Indus Towers posted a consolidated revenue of Rs 6,797 crore in the April-June 2021 period.

According to the statement, the entity had revenue of Rs 6,086 crore in the same period of 2020-21.

The company is reported to have over 1.8 lakh total mobile towers.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)