Powered by: Motilal Oswal

News

Add Indus Towers Ltd For Target Rs.180 - Yes Securities Delay in collection of receivables continue to weigh down on Indus Towers   Result Synopsis Result Synopsis Indus Towers (INDUSTOW) reported sequentially weak performance for the quarter. While adjusted revenue growth was broadly inline with estimates; EBITDA margin was below expectation. It reported decline in revenue by 15.1% QoQ, as Q2FY23 revenue included Rs 11bn of deferred revenue. There was sequential decline in EBITDA margin(down 1777 bps QoQ) led by provision on doubtfu...
Add Indus Towers Ltd For Target Rs.180 - Yes Securities
Add Indus Towers Ltd For Target Rs.180 - Yes Securities
Source: Yes Securities Ltd
9/03/2023 11:46:11 AM
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz Nifty  Technical View * The index started the week on a positive note and continued consolidation in a narrow band. Finally, the index settled the week on a marginally positive note at 18028. * Technically, the index on a weekly scale has formed a doji candlestick pattern. However, the index is constantly facing trend line resistance on a daily scale and finding it difficult to sustain above the 34-days exponential moving average. Thus, for the short term, 18150 will act as firs...
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz
Source: PR Agency
23/01/2023 12:18:36 PM
Indus Towers rises on getting nod to raise up to Rs 1,500 crore through NCDs Indus Towers is currently trading at Rs. 204.25, up by 1.00 points or 0.49% from its previous closing of Rs. 203.25 on the BSE. The scrip opened at Rs. 202.05 and has touched a high and low of Rs. 205.90 and Rs. 202.05 respectively. So far 68240 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 294.05 on 26-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 R...
Indus Towers rises on getting nod to raise up to Rs 1,500 crore through NCDs
Indus Towers rises on getting nod to raise up to Rs 1,500 crore through NCDs
Source: Accord Fintech
28/11/2022 11:10:40 AM
Add Indus Towers Ltd For Target Rs.217 - Yes Securities High receivables continue to weigh down on Indus Towers Result Synopsis Indus Towers (INDUSTOW) reported sequentially mixed performance for the quarter. While adjusted revenue growth was broadly inline with estimates; EBITDA margin was below expectation. It reported sequential revenue growth of 15.5% QoQ, led by positive impact from deferred revenue recognition on successful conclusion of certain pending receivables from VIL. Sharing revenue grew by 13.3% QoQ to Rs 13.3% QoQ. There was seq...
Add Indus Towers Ltd For Target Rs.217 - Yes Securities
Add Indus Towers Ltd For Target Rs.217 - Yes Securities
Source: Yes Securities Ltd
31/10/2022 11:50:42 AM
Indus Towers declines on reporting 44% fall in Q2 consolidated net profit 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 a...
Indus Towers declines on reporting 44% fall in Q2 consolidated net profit
Indus Towers declines on reporting 44% fall in Q2 consolidated net profit
Source: Accord Fintech
28/10/2022 4:05:58 PM
Netural Indus Towers For Target Rs.195 - Motilal Oswal Financial Services Higher provisions impact profitability; receivables remain a key monitorable * INDUSTOW saw an eventful 1QFY23, with a muted performance. Adjusted EBITDA fell 1% QoQ. It finally saw a MSA renewal, concluding with an annual escalation of 2.5%, but 9% exit allowance and an estimated 12-15% cut in rental, which could dilute earnings. The INR12.3b provision for doubtful debt and receivables of INR62b, of which ~INR40b may be overdue, hints at an upcoming impact stemming from the liquidity risk...
Netural Indus Towers For Target Rs.195 - Motilal Oswal Financial Services
Netural Indus Towers For Target Rs.195 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
15/09/2022 4:26:10 PM
Hold Indus Towers Ltd For Target Rs 210 - ICICI Securities Renewal renegotiations to hit rentals in FY23 Indus Towers’ Q1FY23 result was marred by two issues: 1) Completion of tenancy renewal where Indus has agreed to cut rentals by Rs500/month, and 9% of tenancy has option to exit without penalties; and 2) rising receivables due to delay in payment by VIL. Indus has taken provision of Rs12.3bn on aging receivables. The new payment plan stretches delayed receivables at least till Dec’22, and repayment till July’23. Tenancy additi...
Hold Indus Towers Ltd For Target Rs 210 - ICICI Securities
Hold Indus Towers Ltd For Target Rs 210 - ICICI Securities
Source: ICICIsecurities
5/08/2022 2:23:16 PM
Add Indus Towers Ltd For Target Rs.239 - Yes Securities Indus Towers Operating margin adversely impacted due to one off provision for doubtful debts Our view and valuation Overall, it reported subdued performance for the quarter and except for one off provisions, the financial performance was broadly inline. The one off provision of Rs 12.3bn impacted the EBITDA margin for the quarter.  We expect return of stability in telecom sector on account of reforms announced by the Union government to drive tower/ colocation addition led ...
Add Indus Towers Ltd For Target Rs.239 - Yes Securities
Add Indus Towers Ltd For Target Rs.239 - Yes Securities
Source: Yes Securities Ltd
4/08/2022 1:20:10 PM
Indus Towers reports 66% fall in Q1 consolidated net profit Indus Towers has reported results for first quarter ended June 30, 2022. The company has reported a fall of 66.20% in its net profit at Rs 478.90 crore for the quarter under review as compared to Rs 1,416.80 crore for the same quarter in the previous year. However, total income of the company increased by 2% at Rs 6,989.80 crore for Q1FY23 as compared Rs 6,852.50 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported a fall of 66.28% in it...
Indus Towers reports 66% fall in Q1 consolidated net profit
Indus Towers reports 66% fall in Q1 consolidated net profit
Source: Accord Fintech
3/08/2022 12:44:47 PM
Indus Towers trades marginally higher on installing new telecom tower in Panaji Indus Towers is currently trading at Rs. 221.70, up by 0.30 points or 0.14% from its previous closing of Rs. 221.40 on the BSE. The scrip opened at Rs. 224.95 and has touched a high and low of Rs. 224.95 and Rs. 220.35 respectively. So far 29290 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. 181.15 on 16-May-2022. Last one week high and low of the scrip stood at R...
Indus Towers trades marginally higher on installing new telecom tower in Panaji
Indus Towers trades marginally higher on installing new telecom tower in Panaji
Source: Accord Fintech
20/07/2022 10:42:49 AM
Weekly Tech Picks - Elecon Engineering Company Limited, Indus Towers Limited, ACC Limited, Pidilite Industries Limited By Axis Securities Elecon Engineering Company Limited • On the weekly chart, the stock has witnessed “rounding bottom” breakout around 220 levels and sustaining above the same • This breakout is accompanied with huge volumes indicating increased participation • In addition, the stock has confirmed higher tops and bottoms • The stock is well placed above its 20, 50 , 100 and 200 SMA which reconfirmed bullish trend • The daily and weekly strength indicator ...
Weekly Tech Picks - Elecon Engineering Company Limited, Indus Towers Limited, ACC Limited, Pidilite Industries Limited By Axis Securities
Weekly Tech Picks - Elecon Engineering Company Limited, Indus Towers Limited, ACC Limited, Pidilite Industries Limited By Axis Securities
Source: Axis Securities Ltd
20/06/2022 10:47:48 AM
Hold Indus Towers Ltd For Target Rs.205 - Emkay Global No respite from challenges Indus Towers posted 2.7% qoq revenue growth in Q4, helped by the provision reversal of Rs5.5bn (Rs1.8bn in Q3FY22). Excluding the reversal, revenue missed our estimates, with weak tower and tenancy additions of 699 and 685, respectively. EBITDA margins jumped 369bps qoq to 57.1%, while adjusted margin was flat on lower other opex. Energy margins, at -1.2%, remained negative for the eighth quarter in a row. Dividend payout impacted by lower cash conversion due ...
Hold Indus Towers Ltd For Target Rs.205 - Emkay Global
Hold Indus Towers Ltd For Target Rs.205 - Emkay Global
Source: Emkay Global Financial Services Ltd
10/05/2022 2:45:16 PM
Indus Towers falls despite reporting 34% rise in Q4 consolidated net profit 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 a...
Indus Towers falls despite reporting 34% rise in Q4 consolidated net profit
Indus Towers falls despite reporting 34% rise in Q4 consolidated net profit
Source: Accord Fintech
6/05/2022 11:05:39 AM
Bharti Airtel to acquire Vodafone's 4.7% stake in Indus Towers Telecom major Bharti Airtel on Friday said it has entered into an agreement with Vodafone to buy its 4.7 per cent equity interest in Indus Towers. According to Bharti Airtel, the agreement is based on the principal condition that the amount paid for the equity stake shall be inducted by Vodafone as fresh equity in Vodafone Idea Ltd (VIL) and simultaneously remitted to Indus Towers to clear VIL's outstanding dues. "The said acquisition purchase would be at an attractive price re...
Bharti Airtel to acquire Vodafone's 4.7% stake in Indus Towers
Bharti Airtel to acquire Vodafone's 4.7% stake in Indus Towers
Source: IANS
26/02/2022 9:23:05 AM
Indus Towers' Q3FY22 net profit rises 16% Telecom infrastructure provider Indus Towers on Thursday reported a year-on-year rise of 16 per cent in its consolidated net profit for the third quarter ended December 31, 2021. The consolidated profit after tax of the company rose to Rs 1,571 crore during the quarter under review from Rs 1,360 crore reported for the correponding period of the previous fiscal. Besides, the company's consolidated revenue for the quarter rose by 3 per cent YoY to Rs 6,927 crore from Rs 6,736 crore fo...
Indus Towers' Q3FY22 net profit rises 16%
Indus Towers' Q3FY22 net profit rises 16%
Source: IANS
28/01/2022 9:36:25 AM
Netural Indus Towers For Target Rs.282 - Motilal Oswal Tenancy additions remains steady; upcoming renewals could pose a challenge * Revenue/EBITDA grew by 1%/3%, led by the fifth quarter of healthy tenancies to 3.6k additions and lower OPEX. * While net tenancies have improved, along with consistent lower exits over the last few quarters, reducing penalty receipts from VIL in FY23E, upcoming tenancy renewal in Mar’22, and weak liquidity position of VIL could pose an earnings risk. We estimate a consolidated FY21-23E EBITDA CAGR of 6.7...
Netural Indus Towers For Target Rs.282 - Motilal Oswal
Netural Indus Towers For Target Rs.282 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
27/11/2021 12:09:16 PM
Hold Indus Towers Ltd For Target Rs.310 - ICICI Direct Healthy tenancy addition… About the stock: Indus Towers was formed by the merger of Bharti Infratel and Indus Towers. This combined strength makes Indus one of the largest telecom tower companies in the world. * It has 183462 towers and 332551 co-locations (as on Q2FY22) and a nationwide presence covering all 22 telecom circles.   Q2FY22 Results: Indus reported better-than-expected Q2FY22 results. * The company reported net addition of 3566 co-locations (on a like t...
Hold Indus Towers Ltd For Target Rs.310 - ICICI Direct
Hold Indus Towers Ltd For Target Rs.310 - ICICI Direct
Source: ICICI Direct
25/11/2021 11:58:24 AM
Add Indus Towers Ltd For Target Rs.310 - Yes Securities Consistent growth in operating metrics Our view Overall, consistent performance with steady growth in operating metrics. Revenue was in line, while margin was above estimate led by cost control. It is set to benefit from rising network coverage related capex by Airtel and Vodafone Idea, that would lead to densification of towers. Also, the implempentation of 5G would drive the addition of small cells and would unlock opportunities for it.  We maintain ADD on the stock with rev...
Add Indus Towers Ltd For Target Rs.310 - Yes Securities
Add Indus Towers Ltd For Target Rs.310 - Yes Securities
Source: Yes Securities Ltd
28/10/2021 11:44:38 AM
Hold Indus Towers Ltd For Target Rs.266 - ICICI Securities Indus unlikely to benefit from VIL capex in the near term Indus Towers’ (Indus) stock price increased >20% post government reform in the telecom sector announced a few days ago, which has increased VIL’s going concern visibility. However, VIL still has a long way to go as it needs tariff hike and recouping of some market share. Even in a bull case where VIL incurs capex to catch up on 4G capacity gap compared to Bharti Airtel (Bharti), we don’t see material benefit to ...
Hold Indus Towers Ltd For Target Rs.266 - ICICI Securities
Hold Indus Towers Ltd For Target Rs.266 - ICICI Securities
Source: ICICI Securities
11/10/2021 12:46:05 PM
Hold Indus Towers Ltd For Target Rs.232 - ICICI Securities VIL pain showing in cash conversion for Indus Indus Towers’ (erstwhile Bharti Infratel) proforma (post-merger) EBITDA was 4% higher than expected at Rs35bn (up 15% YoY) due to lower than expected expenses. Net tenancy addition was lower at 2,917 (I-Sec: 3,500), impacted due to natural calamities. However, we are concerned about the sustainability of strong tenancy adds as Bharti Airtel and RJio recently bought huge spectrums, which may negatively impact capacity-led tenancy demand, w...
Hold Indus Towers Ltd For Target Rs.232 - ICICI Securities
Hold Indus Towers Ltd For Target Rs.232 - ICICI Securities
Source: ICICI Securities
7/09/2021 10:16:48 AM
Hold Indus Towers Ltd For Target Rs.220 - ICICI Direct VIL stress begins to show with stretched receivables… About the stock: Indus Towers was formed by the merger of Bharti Infratel and Indus Towers. This combined strength makes Indus one of the largest telecom tower companies in the world. * It has 180,997 towers and 325,355 co-locations (as on Q1FY22) and a nationwide presence covering all 22 telecom circles.   Q1FY22 Results: Indus reported muted Q1FY22 results. * The company reported net addition of 2917 co-locatio...
Hold Indus Towers Ltd For Target Rs.220 - ICICI Direct
Hold Indus Towers Ltd For Target Rs.220 - ICICI Direct
Source: ICICI Direct
6/09/2021 12:32:27 PM
Neutral Indus Towers Ltd For Target Rs.250 - Motilal Oswal Steady tenancy adds drive in-line EBITDA growth; outlook unclear * Revenue/EBITDA grew 4.7%/3%, led by steady 3k tenancy adds and lower opex driving 4.1% rental EBITDA growth. Adjusted for one-time lower operating expenses, rental EBITDA was up 2.5% QoQ. * Net tenancy additions at 3k have been stable and improved in the last year, with significantly lower exits reported. However, lower penalty receipts from VIL in FY23E should taper growth. Subsequently, we estimate a consolidated FY21&...
Neutral Indus Towers Ltd For Target Rs.250 - Motilal Oswal
Neutral Indus Towers Ltd For Target Rs.250 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
19/08/2021 9:37:08 AM
Add Indus Towers Ltd For Target Rs. 250 - Yes Securities Our view The densification of towers required for improving 4G coverage/ capacity and the implementation of 5G network would drive the addition of BTS. The dividend yield of around 5‐6% offers protection from downside. The phase of pressure on the number of co‐locations is largely over and the number of colocations is expected to see consistent growth going ahead, led by network capex on the part of telecom operators to meet higher data/coverage demand. However, the precarious financial si...
Add Indus Towers Ltd For Target Rs. 250 - Yes Securities
Add Indus Towers Ltd For Target Rs. 250 - Yes Securities
Source: Yes Securities
2/08/2021 12:11:40 PM
Indus Towers Q1 net profit jumps 72.11% at Rs 1416.80 cr 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...
Indus Towers Q1 net profit jumps 72.11% at Rs 1416.80 cr
Indus Towers Q1 net profit jumps 72.11% at Rs 1416.80 cr
Source: Dion Global Solutions Ltd
30/07/2021 10:56:15 AM
Key News - Jyothy Laboratories Ltd, Reliance Jio, Container Corporation of India Ltd, Union Bank of India Ltd, Indus Towers Ltd, Oberoi Realty Ltd by ARETE Securities Key News Jyothy Labs Q1 profit down 20% at Rs 40.20 crore on high input cost Homegrown FMCG firm Jyothy Labs on Thursday reported 19.61 per cent decline in consolidated net profit at Rs 40.20 crore for June quarter 2021- 22 on account of increase in input cost. It had posted a net profit of Rs 50.01 crore in April-June period of the last fiscal year, Jyothy Labs said in a regulatory filing. However, revenue from operations was up 23.94 per cent to Rs 525.40 crore during the period under...
Key News - Jyothy Laboratories Ltd, Reliance Jio, Container Corporation of India Ltd, Union Bank of India Ltd, Indus Towers Ltd, Oberoi Realty Ltd by ARETE Securities
Key News - Jyothy Laboratories Ltd, Reliance Jio, Container Corporation of India Ltd, Union Bank of India Ltd, Indus Towers Ltd, Oberoi Realty Ltd by ARETE Securities
Source: ARETE Securities Ltd
30/07/2021 8:46:41 AM
Buy Indus Towers Ltd Target Rs. 242 - Religare Broking Derivative Ideas INDUSTOWER AUG FUTS added around 56% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in INDUSTOWER in cash as per below levels. Strategy:- BUY INDUSTOWER BETWEEN 229-230 STOPLOSS 224 TARGET 242.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ00...
Buy Indus Towers Ltd Target Rs. 242 - Religare Broking
Buy Indus Towers Ltd Target Rs. 242 - Religare Broking
Source: Religare Broking Ltd
29/07/2021 11:18:26 AM
Hold Indus Towers Ltd For Target Rs.245 - ICICI Direct Healthy tenancy addition but future outlook uncertain Indus Towers’ Q4FY21 performance was driven by continued traction in tenancy addition and lower operating costs, depreciation, which led to beat at the PAT level. Revenues came in at | 6492 crore, down 3.6% QoQ on a like to like basis, with core rental revenues at | 4141 crore, down 4% QoQ. We highlight that Q3FY21 included exit penalty of | 400.2 crore, which has come down to | 181.6 crore in Q4. EBITDA came in at | 3413 crore, d...
Hold Indus Towers Ltd For Target Rs.245 - ICICI Direct
Hold Indus Towers Ltd For Target Rs.245 - ICICI Direct
Source: ICICI Direct
27/04/2021 10:42:33 AM
Add Indus Towers Ltd For Target Rs. 280 - Yes Securities Result Highlights * Reported overall inline performance with revenue of Rs 64.9 bn, up 3% YoY, The growth was led by 5.7% YoY increase in rental revenue to Rs 41.4 bn; while the energy spread remained negative for the quarter at (‐1%).   * The number of colocations grew by 1.3% QoQ (up 3.6% YoY) to 322,438; and the sharing revenue per sharing operator per month grew 2.7% YoY to Rs 42,477 ( not comparable QoQ as Q3FY21 revenue had significant exit penalty contribution). * To...
Add Indus Towers Ltd For Target Rs. 280 - Yes Securities
Add Indus Towers Ltd For Target Rs. 280 - Yes Securities
Source: Yes Securities Ltd
26/04/2021 10:47:02 AM
Neutral Indus Towers Ltd For Target Rs. 260 - Motilal Oswal Revenue remains in line, tenancy additions improving * Indus Towers (INDUSTOW) reported an in line revenue/EBITDA decline of 3.6%/3.9% QoQ due to 4% decline in rental revenue as exit penalty receipts remain low in 4QFY21. Excluding the impact of exit penalty charges, rental revenue grew 1% QoQ. * The company has consistently improved its tenancy addition since the past three quarters (3.7k adds in 4QFY21). We estimate a consolidated FY21-23E revenue/EBITDA CAGR of 4%/6%. Given the weak ...
Neutral Indus Towers Ltd For Target Rs. 260 - Motilal Oswal
Neutral Indus Towers Ltd For Target Rs. 260 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
26/04/2021 10:16:56 AM
Hold Indus Towers Ltd For Target Rs.265 - ICICI Securities Gross addition strong; visibility on sustainability low Indus Towers’ (erstwhile Bharti Infratel) pro-forma (post-merger) EBITDA came in 10% higher than expected at Rs34bn (up 19.6% YoY) due to: 1) lower than expected energy losses, which has been unpredictable in past few quarters; and 2) lower other expenses and negligible CSR cost. Net tenancy addition was higher at 4,128 (I-Sec: 3,500) on higher tower adds (3,715). However, we are concerned about the sustainability of strong ten...
Hold Indus Towers Ltd For Target Rs.265 - ICICI Securities
Hold Indus Towers Ltd For Target Rs.265 - ICICI Securities
Source: ICICI Securities Ltd
24/04/2021 10:14:49 AM