Latest news with #IndusTowersLtd
Business Standard
08-05-2025
- Business
- Business Standard
Tejas Networks Ltd Spurts 2.32%
Tejas Networks Ltd has lost 13.92% over last one month compared to 6.48% gain in BSE Telecommunication index and 8.89% rise in the SENSEX Tejas Networks Ltd gained 2.32% today to trade at Rs 706.4. The BSE Telecommunication index is up 0.84% to quote at 2860.1. The index is up 6.48 % over last one month. Among the other constituents of the index, Indus Towers Ltd increased 1.71% and Tata Teleservices (Maharashtra) Ltd added 1.62% on the day. The BSE Telecommunication index went up 9.26 % over last one year compared to the 10.02% surge in benchmark SENSEX. Tejas Networks Ltd has lost 13.92% over last one month compared to 6.48% gain in BSE Telecommunication index and 8.89% rise in the SENSEX. On the BSE, 3692 shares were traded in the counter so far compared with average daily volumes of 2.91 lakh shares in the past one month. The stock hit a record high of Rs 1495.1 on 27 Jun 2024. The stock hit a 52-week low of Rs 647 on 17 Mar 2025.
Business Standard
02-05-2025
- Business
- Business Standard
Godrej Agrovet Ltd leads losers in 'A' group
Phoenix Mills Ltd, ISGEC Heavy Engineering Ltd, Data Patterns (India) Ltd and Indus Towers Ltd are among the other losers in the BSE's 'A' group today, 02 May 2025. Phoenix Mills Ltd, ISGEC Heavy Engineering Ltd, Data Patterns (India) Ltd and Indus Towers Ltd are among the other losers in the BSE's 'A' group today, 02 May 2025. Godrej Agrovet Ltd crashed 11.75% to Rs 680.95 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 1.59 lakh shares were traded on the counter so far as against the average daily volumes of 21722 shares in the past one month. Phoenix Mills Ltd lost 7.66% to Rs 1536.3. The stock was the second biggest loser in 'A' the BSE, 44449 shares were traded on the counter so far as against the average daily volumes of 14372 shares in the past one month. ISGEC Heavy Engineering Ltd tumbled 7.45% to Rs 1042.35. The stock was the third biggest loser in 'A' the BSE, 10487 shares were traded on the counter so far as against the average daily volumes of 4204 shares in the past one month. Data Patterns (India) Ltd slipped 6.73% to Rs 2319.8. The stock was the fourth biggest loser in 'A' the BSE, 1.32 lakh shares were traded on the counter so far as against the average daily volumes of 1.25 lakh shares in the past one month. Indus Towers Ltd corrected 6.71% to Rs 380.65. The stock was the fifth biggest loser in 'A' the BSE, 3.78 lakh shares were traded on the counter so far as against the average daily volumes of 2.57 lakh shares in the past one month.
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Business Standard
02-05-2025
- Business
- Business Standard
Indus Towers shares tumble 7% as Q4 profit dips; results breakdown here
Shares of Indus Towers fell over 7 per cent on Friday, even as the broader market rallied, after the telecom firm reported a 4 per cent year-on-year (Y-o-Y) decline in the March quarter profit. The telecom infrastructure company's stock fell as much as 7.2 per cent during the day to ₹378.65 per share. The stock pared losses to trade 5.3 per cent lower at ₹386.4 apiece, compared to a 0.25 per cent advance in Nifty50 as of 11:28 AM. The stock is currently at the lowest level since April 17 this year. The company's counter has fallen over 8 per cent from its recent peak of ₹421, which it hit last month. The stock has risen 12.5 per cent this year, compared to a 3.89 per cent advance in the benchmark Nifty50. The company has a market capitalisation of ₹1.01 trillion, according to BSE data. Indus Tower Q4FY25 Results analysis The company reported a net profit of ₹1,779 crore for the March quarter, registering a decline of 4 per cent Y-o-Y. The revenue for the just-ended quarter came in at ₹7,727 crore, up 7.4 per cent, compared to the same period last year. The Q4 FY25 had a provision of ₹226 crore for doubtful receivables, aided by collections against past due. For the full year ended March 2025, the consolidated revenues stood at ₹30,123 crore, up 5.3 per cent. The consolidated profit after tax was ₹9,932 crore, up 64.5 per cent. Also Read It said the industry developments during the year have only strengthened the outlook for the company and the sector. The company exuded confidence about maintaining the "momentum" by capitalising on customers' network expansion and available strategic opportunities. Indus Tower management commentary 'Financial Year 2025 was another excellent year for us, marked by a strong all-round performance,' said Prachur Sah, Managing Director and CEO of Indus Towers Ltd. 'We achieved one of our highest-ever tower and co-location additions, securing a major share of our customers' rollouts. The acquisition of a key tower portfolio further reflects our agility in driving growth.' Sah added that this momentum supported the company's robust financial performance, including healthy cash flow generation. 'I'm also pleased that our continued engagement with a major customer led to the recovery of its outstanding dues this year,' he said. About Indus Towers The company is a provider of tower and related infrastructure sharing services. It is one of the largest telecom tower companies in India based on the number of towers and co-locations operated by the company. As of March 31 2024, Indus Towers owned and operated 2,19,736 towers with 3,68,588 co-locations in 18 telecommunication circles.
Business Standard
02-05-2025
- Business
- Business Standard
Indus Towers Ltd Falls 6.14%
Indus Towers Ltd has added 6.04% over last one month compared to 4.28% gain in BSE Telecommunication index and 4.81% rise in the SENSEX Indus Towers Ltd lost 6.14% today to trade at Rs 383. The BSE Telecommunication index is down 0.97% to quote at 2843.89. The index is up 4.28 % over last one month. Among the other constituents of the index, Sterlite Technologies Ltd decreased 0.47% and Tata Communications Ltd lost 0.39% on the day. The BSE Telecommunication index went up 5.38 % over last one year compared to the 7.62% surge in benchmark SENSEX. Indus Towers Ltd has added 6.04% over last one month compared to 4.28% gain in BSE Telecommunication index and 4.81% rise in the SENSEX. On the BSE, 92040 shares were traded in the counter so far compared with average daily volumes of 2.55 lakh shares in the past one month. The stock hit a record high of Rs 460.7 on 02 Sep 2024. The stock hit a 52-week low of Rs 292 on 04 Jun 2024.
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Business Standard
30-04-2025
- Business
- Business Standard
Indus Towers Q4 results: Profit dips 4% to ₹1,779 cr despite revenue growth
Telecom infrastructure company Indus Towers on Wednesday reported a net profit of Rs 1,779 crore for the March quarter, registering a decline of 4 per cent year-on-year. It said the industry developments during the year have only strengthened the outlook for the company and the sector. The company exuded confidence about maintaining the "momentum" by capitalising on customers' network expansion and available strategic opportunities. The revenue for the just-ended quarter came in at Rs 7,727 crore, up 7.4 per cent year-on-year. The Q4 FY25 had a provision of Rs 226 crore for doubtful receivables, aided by collections against past overdue, the company said in a release. "During the quarter, the company acquired passive infrastructure assets from Bharti Airtel and accounted for the same as a common control transaction in accordance with Ind AS 103 which requires restatement of financial results of Indus Towers from the date on which common control was established i.e. Nov 19, 2024. Accordingly, Q4 FY25 financial results includes an accounting impact of Rs 183 crore for operating expenses and depreciation," the release said. For the full year ended March 2025, the consolidated revenues stood at Rs 30,123 crore, up 5.3 per cent. The consolidated profit after tax was Rs 9,932 crore, up 64.5 per cent. "FY25 was another excellent year for us with an all-round performance. We delivered one of our highest ever tower and co-location additions as we continued to garner a major share of our customers' rollouts. Further supplementing our additions was the acquisition of an important tower portfolio, reflecting our agility for driving growth," Prachur Sah, Managing Director and CEO, Indus Towers Ltd, said. This, Sah said, has underpinned the company's robust financial performance, including healthy cash flow generation. "I am also pleased to see that our continued engagement with a major customer ensured recovery of its overdues this year," he further said. Sah noted that industry developments during the year have only strengthened the outlook for the company and the sector. "Given our inherent strengths and leadership position, we are confident of maintaining the momentum by capitalising on customers' network expansion and available strategic opportunities," he added.
