Indus Towers Q1 net profit jumps 72.11% at Rs 1416.80 cr
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The company reported standalone net profit of Rs 1,416.80 crore for the quarter ended June 30, 2021 as compared to Rs 823.20 crore in the same period last year, registering a year-on-year growth of 72.11 per cent. Net revenue of the company rose three fold by 315.81 per cent at Rs 6,795.60 crore in April-June quarter of this fiscal as against Rs 1,634.30 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 308.88 per cent to Rs 3,279.20 crore from Rs 802.00 crore in year ago period. Other Income dipped by 86.96 per cent at Rs 56.90 crore versus (Jun'20 Rs 436.50 crore).
Operating Profit surged by 322.49 per cent to Rs 3,516.40 crore as against Rs 832.30 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.61 per cent in June quarter. Interest grew by 2730.83 per cent y-o-y to Rs 376.50 crore, while Taxation increased by 241.24 per cent at Rs 461.70 crore (Jun'20 Rs 135.30 crore).
