INDUS TOWERS Announces Quarterly Results (3QFY21); Net Profit Up 70.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

INDUS TOWERS Announces Quarterly Results (3QFY21); Net Profit Up 70.0%
Mon, 1 Feb

INDUS TOWERS has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

INDUS TOWERS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m16,67217,66440,607129.9%143.6%
Other incomeRs m173222809264.4%367.6%
TurnoverRs m16,84517,88641,416131.6%145.9%
ExpensesRs m8,0108,59420,333136.6%153.8%
Gross profitRs m8,6629,07020,274123.5%134.1%
DepreciationRs m3,0973,0469,132199.8%194.9%
InterestRs m2032882,330709.0%1047.8%
Profit before taxRs m5,5355,9589,62161.5%73.8%
TaxRs m1,4001,5142,59171.1%85.1%
Profit after taxRs m4,1354,4447,03058.2%70.0%
Gross profit margin%52.051.349.9
Effective tax rate%25.325.426.9
Net profit margin%24.524.817.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 143.6% on a year-on-year (YoY) basis. The expenses were up by 153.8% YoY during the same period.
  • The company's operating profit increased by 134.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 49.9% in 3QFY21 as against 52.0% in 3QFY20.
  • Depreciation charges increased by 194.9% and finance costs increased by 1047.8% YoY, respectively.
  • Other income increased by 367.6% YoY during the quarter.
  • Net profit for the quarter increased by 70.0% YoY. Net profit margins during the quarter declined from 24.5% in 3QFY20 to 17.0% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 129.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 136.6% QoQ during the same period.
  • The company's operating profit increased by 123.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 49.9% in 3QFY21 as against 51.3% in 2QFY20.
  • Net profit for the quarter increased by 58.2% QoQ, while net profit margins declined from 24.8% in 2QFY20 to 17.0% in 3QFY21.

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

Get Details: We are Bullish on These 3 Little-known Stocks

INDUS TOWERS Share Price Performance

Over the last one year, INDUS TOWERS share price has moved down from Rs 247.2 to Rs 237.4, registering a Loss of Rs 9.8 or around 3.9%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 11,576.7 (up 1.7%). Over the last one year it has moved up from 7,997.1 to 11,576.7, a gain of 3,580 points (up 44.8%).

Overall, the S&P BSE SENSEX is up 18.6% over the year.

Current Valuations

At the current price of Rs 237.4, the price to earnings (P/E) ratio of INDUS TOWERS stands at 22.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

Equitymaster requests your view! Post a comment on "INDUS TOWERS Announces Quarterly Results (3QFY21); Net Profit Up 70.0%". Click here!

  

Related Views on News

BHARTI INFRATEL Announces Quarterly Results (1QFY21); Net Profit Down 35.5% (Quarterly Result Update)

Jul 30, 2020 | Updated on Jul 30, 2020

For the quarter ended June 2020, BHARTI INFRATEL has posted a net profit of Rs 4 bn (down 35.5% YoY). Sales on the other hand came in at Rs 16 bn (down 5.2% YoY). Read on for a complete analysis of BHARTI INFRATEL's quarterly results.

BHARTI INFRATEL Announces Quarterly Results (1QFY20); Net Profit Down 2.4% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, BHARTI INFRATEL has posted a net profit of Rs 6 bn (down 2.4% YoY). Sales on the other hand came in at Rs 17 bn (up 1.7% YoY). Read on for a complete analysis of BHARTI INFRATEL's quarterly results.

BHARTI INFRATEL 2018-19 Annual Report Analysis (Annual Result Update)

Jul 4, 2019 | Updated on Jul 4, 2019

Here's an analysis of the annual report of BHARTI INFRATEL for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of BHARTI INFRATEL. Also includes updates on the valuation of BHARTI INFRATEL.

More Views on News

Most Popular

Is Intraday Trading For You?(Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks(Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution(Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

INDUS TOWERS SHARE PRICE


May 18, 2021 03:36 PM

TRACK INDUS TOWERS

  • Track your investment in INDUS TOWERS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

INDUS TOWERS 5-YR ANALYSIS

COMPARE INDUS TOWERS WITH

MARKET STATS