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Indus Towers Q2 PAT more than doubles to Rs1,558.5cr despite a 4-fold spike in power and fuel costs

Indus Towers Ltd reported 289.29% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs6,876.50cr

October 25, 2021 6:58 IST | India Infoline News Service
Bharti Infratel
Indus Towers Ltd reported 289.29% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs6,876.50cr. The revenues were higher by just 1.17% on a sequential basis compared to Rs6,797cr revenues in the Jun-21 quarter.

The consolidated Profit after tax (PAT) for the Sep-21 quarter was up 112.74% at Rs1,558.50cr. Profits were up 10.12% compared to the profits in the sequential quarter. While the top line revenues were up 4 fold, the profits were up just 2-fold.

That is largely because the 4-fold spike in power and fuel costs (towers is a power and fuel intensive business) resulted in profit growth just about doubling yoy. Net margins at 22.66% was lower than 41.47% on a yoy basis but surely better than NPM of 20.82% in June 2021 quarter.


Financial highlights for Sep-21 compared yoy and sequentially


Indus Towers
Rs in Crore Sep-21 Sep-20 YOY Jun-21 QOQ
Total Income (Rs cr) ₹ 6,876.50 ₹ 1,766.40 289.29% ₹ 6,797.00 1.17%
Net Profit (Rs cr) ₹ 1,558.50 ₹ 732.60 112.74% ₹ 1,415.30 10.12%
Diluted EPS (Rs) ₹ 5.79 ₹ 3.96 ₹ 5.25
Net Margins 22.66% 41.47% 20.82%

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