Neutral Indus Towers; target of Rs 210: Motilal Oswal

Motilal Oswal recommended Neutral rating on Indus Towers with a target price of Rs 210 in its research report dated January 24, 2024.
29-01-2024

Indus Towers Q3 Results Review - Inline; Robust Addition Of Towers In The Quarter: Yes Securities

The accelerated rollout of 5G in India offers strong visibility for business growth for next two years.
25-01-2024

Indus Towers Q3 Results Review - Tower Adds And Provision Write-Backs Aid Earnings: Motilal Oswal

Rental revenue picks up due to tower adds; average sharing factor declines.
25-01-2024

Indus Towers Results Earnings Call for Q3FY24

Conference Call with Indus Towers Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
24-01-2024
Bigul

Q3FY24 Quarterly Result Announced for Indus Towers Ltd.

Telecom Services company Indus Towers announced Q3FY24 results: Total Macro Tower base of 2,11,775 with closing sharing factor of 1.70 Consolidated Revenues at Rs 7,199 crore, up 6.4% YoY Consolidated EBITDA at Rs 3,622 crore, up more than 2x YoY Consolidated Profit after Tax at Rs 1,541 crore, compared to a loss of Rs 708 crore in the corresponding quarter of the previous year The Return on Capital Employed improved to 19.2% as against 12.5% on a YoY basis. Q3FY23 had an impact of Rs 2,270 crore due to provision for doubtful debts and Rs 493 crore from an exceptional item. Prachur Sah, Managing Director and CEO, Indus Towers, said: “Our third consecutive quarter of record tower additions demonstrated our robust operational performance. This was mirrored in the strong financial performance, which was further supplemented by steady collections. We expect our major customer’s focus on its network expansion and the ongoing 5G rollouts to continue yielding growth opportunities for us in the near term. Our timely investments to capitalize on these opportunities will generate long-term returns for our shareholders.” Result PDF
24-01-2024
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