The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Kunal Vora - BNP Paribas, Research Division - Analyst
: Just continuing on the previous question on exit penalty. So this quarter amount was approximately INR 400 crores. And next, if I'm not mistaken,
for about 4 quarters, it will be in the range of INR 180 crores. And after that, that amount will drop, is that understanding right?
Question: Kunal Vora - BNP Paribas, Research Division - Analyst
: And how much will it be like in CY '22 in that case?
Question: Kunal Vora - BNP Paribas, Research Division - Analyst
: Okay. Understood. So CY '21, around INR 700 crore. And after that, it will be like a very, very tiny amount. Understood, fine. And...
Question: Kunal Vora - BNP Paribas, Research Division - Analyst
: Okay, December '22. Okay. So 2 years, it will be higher. And after that, like CY '23 onwards, it will be like a much lower amount. Okay, fine. Second
question on energy. So you are on fixed model earlier and then like it moved to pass-through. And now again, we are looking at fixed so what's
triggered this move to pass-through? Was it the high margins you are making? And if you go back to fixed, would the margin be much lower
compared to what you made in the past?
Question: Kunal Vora - BNP Paribas, Research Division - Analyst
: Understood. Understood. And is the increasing diesel price and declining solar power costs, is that also something which could trigger a move
towards fixed and does saving some energy cost in the process?
Question: Kunal Vora - BNP Paribas, Research Division - Analyst
: Understood. And my last question, you talked about like 5G networks and how IP-1 providers can play a role in providing shared transport network
and shared trend. Can you talk about any discussions that you had with the operator so far, any commercial hurdles and regulatory hurdles like
on the sharing part?
Question: Kunal Vora - BNP Paribas, Research Division - Analyst
: The special dividend that you -- that has been declared this quarter, does this impact the regular dividend in any way? Or this is just incremental
onetime?
Question: Kunal Vora - BNP Paribas, Research Division - Analyst
: Okay. Okay. And then last one, you have around 4,500 sites for which you reviewed exit notices, of which only 350 were actually received this
quarter. So why has the operator given such a long notice on exits and while the notice has been received, but the grids have not happened. Like
can you just talk us through it, like about -- like what's the process? And like after giving exit notice, how long can they hold on?
Question: Kunal Vora - BNP Paribas, Research Division - Analyst
: But the time lag is, like, say, more than 3 months because of the 4,500, only about 350 were received this quarter and like more than 4,000 notices
have been given like at least 4, 5 months back, and the exit has still not taken place. So is it that they have to give it like well in advance, like, say 6
months, 1 year in advance? How does it work?
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JANUARY 29, 2021 / 9:00AM, INUS.NS - Q3 2021 Indus Towers Ltd Earnings Call
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