Indus Towers falls despite reporting 34% rise in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Indus Towers is currently trading at Rs. 200.60, down by 1.55 points or 0.77% from its previous closing of Rs. 202.15 on the BSE.
The scrip opened at Rs. 199.60 and has touched a high and low of Rs. 204.10 and Rs. 193.45 respectively. So far 336202 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 332.60 on 28-Sep-2021 and a 52 week low of Rs. 193.45 on 06-May-2022.
Last one week high and low of the scrip stood at Rs. 208.65 and Rs. 193.45 respectively. The current market cap of the company is Rs. 54518.57 crore.
The promoters holding in the company stood at 67.49%, while Institutions and Non-Institutions held 31.16% and 1.35% respectively.
Indus Towers has reported results for fourth quarter and year ended March 31, 2022.
The company has reported a rise of 33.20% in its net profit at Rs 1,817.90 crore for the quarter under review as compared to Rs 1,364.80 crore for the same quarter in the previous year. Total income of the company increased by 9.93% at Rs 7,220.50 crore for Q4FY22 as compared Rs 6,568 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 34.08% in its net profit at Rs 1,828.50 crore for the quarter under review as compared to Rs 1,363.70 crore for the same quarter in the previous year. Total income of the company increased by 9.99% at Rs 7,225.30 crore for Q4FY22 as compared Rs 6,569.10 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a rise of 90.73% in its net profit at Rs 6,367.10 crore as compared to Rs 3,338.20 crore for the previous year. Total income of the company increased by 92.62% at Rs 28,060.70 crore for year under review as compared to Rs 14,567.60 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 68.65% in its net profit at Rs 6,373.10 crore as compared to Rs 3,779 crore for the previous year. Total income of the company increased by 98.36% at Rs 28,069.70 crore for year under review as compared to Rs 14,151.20 crore for year ended March 31, 2021.
