INDUS TOWERS Announces Quarterly Results (1QFY22); Net Profit Up 252.4%

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INDUS TOWERS Announces Quarterly Results (1QFY22); Net Profit Up 252.4%
Sat, 31 Jul

INDUS TOWERS has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

INDUS TOWERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m16,35464,91867,9704.7%315.6%
Other incomeRs m8551,261912-27.7%6.7%
TurnoverRs m17,20966,17968,8824.1%300.3%
ExpensesRs m8,02830,79532,5835.8%305.9%
Gross profitRs m8,32634,12335,3873.7%325.0%
DepreciationRs m2,98413,32213,4180.7%349.7%
InterestRs m8274,1054,1110.1%397.1%
Profit before taxRs m5,37017,95718,7704.5%249.5%
TaxRs m1,3544,3204,6176.9%241.0%
Profit after taxRs m4,01613,63714,1533.8%252.4%
Gross profit margin%50.952.652.1
Effective tax rate%25.224.124.6
Net profit margin%23.320.620.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 315.6% on a year-on-year (YoY) basis. The expenses were up by 305.9% YoY during the same period.
  • The company's operating profit increased by 325.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 52.1% in 1QFY22 as against 50.9% in 1QFY21.
  • Depreciation charges increased by 349.7% and finance costs increased by 397.1% YoY, respectively.
  • Other income increased by 6.7% YoY during the quarter.
  • Net profit for the quarter increased by 252.4% YoY. Net profit margins during the quarter declined from 23.3% in 1QFY21 to 20.5% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.8% QoQ during the same period.
  • The company's operating profit increased by 3.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 52.1% in 1QFY22 as against 52.6% in 4QFY21.
  • Net profit for the quarter increased by 3.8% QoQ, while net profit margins declined from 20.6% in 4QFY21 to 20.5% in 1QFY22.

To see how INDUS TOWERS has performed over the last eight quarters,please visit here.

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INDUS TOWERS Share Price Performance

Over the last one year, INDUS TOWERS share price has moved up from Rs 192.2 to Rs 222.2, registering a Gain of Rs 30.0 or around 15.6%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 13,480.3 (up 0.1%). Over the last one year it has moved up from 8,840.2 to 13,480.3, a gain of 4,640 points (up 52.5%).

Overall, the S&P BSE SENSEX is up 38.1% over the year.

Current Valuations

At the current price of Rs 222.2, the price to earnings (P/E) ratio of INDUS TOWERS stands at 15.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

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