From The Economic Times · PTI · · 1m
Indus Towers Q2 Profit Drops 2.5%
Indus Towers reports 2.5% net profit decline to Rs 1,793 crore in Q2 results.
In brief
Indus Towers reports 2.5% net profit decline to Rs 1,793 crore in Q2 results. Indus Towers saw net profit fall 2.5% to Rs 1,793 crore for Q2 ended September 30, with revenue up 4%. Originally reported by The Economic Times.
Q2 Results
Indus Towers reported a 2.5 per cent fall in consolidated net profit to Rs 1,793 crore for Q2 ended September 30.
Profit Decline
The company noted a year-ago write-back of Rs 195 crore in provision for doubtful receivables, aided by collections against past overdue.
Revenue Growth
Consolidated revenue rose 4 per cent to Rs 8,516 crore, with EBITDA edging up 0.4 per cent to Rs 4,633 crore.
Profit Margins
Return ratios declined, with pre-tax return on equity slipping to 25.3 per cent from 38.4 per cent a year earlier.
Operational Efficiency
Managing Director Prachur Sah highlighted strong co-location additions and cash generation driving robust performance.
Future Outlook
Sah stated the company remains confident of delivering sustainable growth and long-term shareholder value through infrastructure value proposition.
The big picture
Indus Towers saw net profit fall 2.5% to Rs 1,793 crore for Q2 ended September 30, with revenue up 4%.
