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Indus Towers declines on reporting 44% fall in Q2 consolidated net profit
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Indus Towers is currently trading at Rs. 186.75, down by 4.25 points or 2.23% from its previous closing of Rs. 191.00 on the BSE.
The scrip opened at Rs. 190.00 and has touched a high and low of Rs. 190.00 and Rs. 185.25 respectively. So far 182754 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 305.55 on 22-Nov-2021 and a 52 week low of Rs. 181.15 on 16-May-2022.
Last one week high and low of the scrip stood at Rs. 196.40 and Rs. 185.25 respectively. The current market cap of the company is Rs. 50341.42 crore.
The promoters holding in the company stood at 68.81%, while Institutions and Non-Institutions held 29.58% and 1.61% respectively.
Indus Towers has reported results for second quarter ended September 30, 2022.
The company has reported fall of 44.03% in its net profit at Rs 873.00 crore for Q2FY23 as compared to Rs 1559.80 crore for the corresponding quarter previous year. However, total income of the company increased by 15.24% to Rs 8029.50 crore for the quarter under review as compared to Rs 6967.90 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported fall of 44.06% in its net profit at Rs 871.80 crore for the quarter under review as compared to Rs 1558.50 crore for the same quarter in the previous year. However, total income of the company increased by 15.21% to 8029.50 crore for the quarter under review as compared to Rs 6969.20 crore for the same quarter in the previous year.
