Indus Towers Ltd’s consolidated net profit more than doubled analysts’ estimates in the third quarter of this fiscal year.
India’s largest mobile tower installation company posted a profit of Rs 4,003 crore in the quarter ended December, compared with Rs 1,540 crore in the same quarter last fiscal, according to exchange filings. This is above the estimate of Rs 1,907 crore by analysts tracked by Bloomberg.
Revenue for the three months ended December rose 4.4% year-on-year to Rs 7,547 crore. Analysts had estimated revenue at Rs 7,665 crore.
In the third quarter, the company’s operating profit, or earnings before interest, taxes, depreciation and amortization, rose 94% year-on-year to Rs 6,958 crore.
Ebitda margin increased to 92.2% from 49.8% in the same period last year. Analysts estimate the company’s EBITDA to be Rs 4,538 crore with a margin of 59.20%.
(TagstoTranslate)Indus Towers Limited
