Tuesday, October 26, 2021



Indus Towers Ltd reported 289.29% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs6,876.50cr. The revenues were higher by just 1.17% on a sequential basis compared to Rs6,797cr revenues in the Jun-21 quarter.

The consolidated Profit after tax (PAT) for the Sep-21 quarter was up 112.74% at Rs1,558.50cr. Profits were up 10.12% compared to the profits in the sequential quarter. While the top line revenues were up 4 fold, the profits were up just 2-fold.

That is largely because the 4-fold spike in power and fuel costs (towers is a power and fuel intensive business) resulted in profit growth just about doubling yoy. Net margins at 22.66% was lower than 41.47% on a yoy basis but surely better than NPM of 20.82% in June 2021 quarter.

Stock Outlook

Long term is still intact  . For short term 272- 264 will act as important support. 

Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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