Indus Towers reports 49% rise in Q2 consolidated net profit

Indus Towers Ltd. | Telecommunication - Service Provider | Telecom | BSE: 534816 | NSE: INDUSTOWER

26 Oct 2023 Evaluate

Indus Towers has reported results for second quarter ended September 30, 2023 (Q2FY24).

The company has reported 48.37% rise in its net profit at Rs 1295.30 crore for Q2FY24 as compared to Rs 873.00 crore for the same quarter in the previous year. However, total income of the company decreased by 9.96% at Rs 7229.70 crore for Q2FY24 as compared Rs 8029.50 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 48.51% rise in its net profit at Rs 1294.70 crore for the quarter under review as compared to Rs 871.80 crore for the same quarter in the previous year. However, total income of the company decreased by 9.96% at Rs 7229.70 crore for Q2FY24 as compared Rs 8029.50 crore for the corresponding quarter previous year.

Peers

Company Name	CMP
Bharti Airtel	1786.90
Vodafone Idea	14.25
Indus Towers	374.25
Tata Communications	1668.40
Railtel Corp. India	260.30
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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