Indus Towers, a leading tower infrastructure provider, announced its Q3 FY24 results on 23 January 2024. The company reported revenue growth of 6.42% year-on-year, reaching. ₹1540.5Cr in profit. This is a significant improvement compared to the same period in the previous fiscal year, where they declared a loss of ₹708.2 Cr.
Compared to the previous quarter, the revenue grew by 0.93%. This indicates a steady growth trajectory for Indus Towers.
The company’s SG&A expenses were down 7.42% quarter-over-quarter, but up 17.4% year-over-year. This shows that Indus Towers has been able to effectively manage their expenses, resulting in improved profitability.
Indus Towers also saw a positive trend in its operating income, which increased by 4.87% quarter-on-quarter and increased by a staggering 389.04% year-on-year. This means the company’s ability to generate higher income from its operations.
The earnings per share (EPS) for Q3 FY24 stood at ₹5.72, reflecting a significant increase of 497.1% per year. This indicates a positive outlook for the company’s profitability.
In terms of market performance, Indus Towers delivered -1.09% return in the last 1 week, 26.37% return in the last 6 months, and 9.07% year-to-date return. These figures suggest that the company’s shares have performed relatively well in the market.
On January 25, 2024, out of 18 analysts covering the company, 2 analysts gave a Strong Sell rating, 3 analysts gave a Sell rating, 6 analysts gave a Hold rating, 5 analysts gave a Buy rating, and 2 analysts gave a Strong Buy rating. This indicates a mixed feeling among analysts about the future prospects of Indus Towers.
The consensus recommendation as of 25 January 2024 was Hold. This suggests that analysts advise investors to maintain their current positions in the company’s shares.
Overall, Indus Towers’ Q3 FY24 results show a positive growth trajectory, with an increase in revenue, profit and EPS. The company’s ability to manage expenses and generate higher operating income is commendable. However, the mixed analyst sentiment indicates that there may be some uncertainties in the future. Investors are advised to closely monitor the company’s performance and analyst recommendations.
Period | Q3 FY24 | Q2 FY24 | QoQ Growth | Q3 FY23 | YoY Growth |
---|---|---|---|---|---|
Total Income | 7199 | 7132.5 | +0.93% | 6765 | +6.42% |
Selling/ General/ Administrative Expenses Total | 660.5 | 713.4 | -7.42% | 562.6 | +17.4% |
Depreciation/ Depreciation | 1595.7 | 1525.6 | +4.59% | 1390.4 | +14.77% |
Total Operating Expense | 5210.7 | 5236.6 | -0.49% | 7452.9 | -30.08% |
Operating Income | 1988.3 | 1895.9 | +4.87% | -687.9 | +389.04% |
Net Income Before Taxes | 2076.5 | 1746.7 | +18.88% | -952.1 | +318.1% |
Net income | 1540.5 | 1294.7 | +18.99% | -708.2 | +317.52% |
Diluted Normalized EPS | 5.72 | 4.8 | +19.17% | -1.44 | +497.1% |
Frequently Asked Questions
Question: What is the Q3 FY24 profit/loss by company?
Answer: ₹ 1540.5Cr
Question: What is Q3 FY24 revenue?
Answer: ₹ 7199Cr
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Published: 25 Jan 2024, 02:41 IST