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

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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.

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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.

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