Tuesday, October 26, 2021

INDUSTOWER Q2FY22 RESULT | STOCK OUTLOOK

  


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. 



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