Indus Towers Ltd, incorporated in the year 2006, is a Large Cap company with a market cap of Rs 66969.18 Crore, operating in Telecommunications sector.
Indus Towers’ key Products/Revenue Segments include Income from Infrastructure Activity for the year ending 31-Mar-2019.
Investment Rationale
The management continues to reiterate that 5G and fiber opportunities would continue to drive growth in the future as dependency on strong Telecom infrastructure remains. Tenancy additions have also improved in the past three quarters (net additions of 9600), which signifies demand for new towers.
Financials
For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 6569.10 Crore, up 58.61 per cent from last quarter’s Total Income of Rs 4141.60 Crore and up 281.77 per cent from last year same quarter’s Total Income of Rs 1720.70 Crore. Company has reported a net profit after tax of Rs 1363.70 Crore in Dec quarter.
