INDUSTOWER · Telecommunication
Indus Towers Ltd. reported revenue of ₹7,199 cr for October to December 2023, — on the year and +0.9% on the quarter.
Operating profit (EBITDA) was ₹3,584 cr, a margin of 49.8%, — on the year and +180 bps on the quarter.
Net profit was ₹1,540 cr, — on the year and +18.9% on the quarter, with earnings per share of ₹5.72.
Telecom is capital-heavy: depreciation and interest take a large share of operating profit, so the operating line matters more than net profit in any one quarter. The quarterly statements do not carry revenue per user, subscribers and capital spending; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹7,199 cr | ₹7,193 cr | ₹7,383 cr | ₹7,465 cr | ₹7,547 cr | ₹7,727 cr | ₹8,058 cr | ₹8,188 cr | ₹8,146 cr | ₹8,101 cr | ₹8,431 cr | ₹8,516 cr |
| YoY | — | — | +4% | +5% | +5% | +7% | +9% | +10% | +8% | +5% | +5% | +4% |
| EBITDA margin | 49.8% | 56.6% | 61.0% | 65.2% | 92.2% | 56.9% | 54.5% | 55.8% | 54.8% | 54.6% | 53.1% | 53.9% |
| Other income, % of PBT | 5% | 4% | 2% | 4% | 2% | 4% | 4% | 3% | 6% | 7% | 5% | 4% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 26% | 26% | 25% | 23% | 25% | 26% | 26% | 27% | 24% | 26% | 26% |
| Net profit | ₹1,540 cr | ₹1,853 cr | ₹1,926 cr | ₹2,224 cr | ₹4,003 cr | ₹1,779 cr | ₹1,737 cr | ₹1,839 cr | ₹1,776 cr | ₹1,793 cr | ₹1,746 cr | ₹1,793 cr |
| YoY | — | — | +43% | +72% | +160% | −4% | −10% | −17% | −56% | +1% | +1% | −3% |
| Core profit YoY | — | — | +45% | +74% | +160% | −5% | −11% | −16% | −56% | −3% | −1% | −4% |
| EPS | ₹5.72 | ₹6.88 | ₹7.15 | ₹8.43 | ₹15.17 | ₹6.74 | ₹6.58 | ₹6.97 | ₹6.73 | ₹6.80 | ₹6.62 | ₹6.80 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | 1 | 1 | 1 | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Indus Towers Ltd. reported revenue of ₹7,199 cr (— on the year) and net profit of ₹1,540 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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