Indus Towers Q2 FY24 results revealed as profit rise by 48.51% YOY

In this article, we are going to give the Indus Towers Q2 FY24 results. Recently, Indus Tower has released the Quarter 2 FY24 results. The result has sent shockwaves in the market. The company has seen very different results as compared to the last results. As the results have shown by the company the revenue has decreased by 10.47% YoY and the profit has increased by 48.51% YoY. The profits are very good right now and shocking also because this good profit was not expected at all. Read this article until the end of the last line to learn everything about the Indus Towers Q2 FY24 results.

Indus Towers

Indus Towers Q2 FY24 results

The Indus Towers officially declared the Q2 FY24 results on Wednesday, 25 October 2023. Results have shown that the topline has decreased by 10.47% and the profits have increased by 48.51% YoY. If we compare the results to the previous quarter the revenue grew by 0.8% and the profits decreased by 3.95%. The Selling, general, and administrative expenses have risen by 11.12% QoQ and it increased by 34.5% YoY. On the other hand, the operating income fell by 9.95% QoQ and it increased by 26.02% YoY. Continue reading this article till the last.

The EPS is of Rs. 4.8 for the Q2 FY24 and it increased by a total of 48.15% YoY. This time the company has delivered a negative return of -9.29% in the last 1 week and the returns in the last 6 months of 21.85% the TD returns also went in the negative at -8.51%. At this time the the company has a market cap of Rs. 46952.65 crore and also the 52-week high/low of Rs. 205.7 and Rs. 135.145. As of today out of 18 analysts have been seen covering the Indus Tower. Where 2 analysts have given a Strong Sell rating, 1 analyst has given a Strong Buy rating, 4 analysts have a Sell rating, 4 analysts have given a Buy rating, and 7 analysts have given a Hold rating. Scroll down the next paragraph to learn more about the Q2 FY24 results of Indus Towers.

Also Read:  Bajaj Auto share price rallies 4% to hit 52-week high after Q2 results

The consensus recommendation as of today is on remain hold. The Q2 FY24 revenue is Rs. 7132.5 crore and the Q2 FY24 profit/loss as per the company was Rs. 1294.7 crore. The Indus Towers Financials total revenue YoY growth is -10.47% and the revenue of Q2 FY23 is 7966.6. The net income has seen an increase of 48.51%. More details regarding the Indus Towers Q2 FY24 results are going to be declared very soon on this page. So stay tuned to techballad.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging