Indus Towers Q1 Results: Net profit surges 182% to ₹1,348 crore, revenue up 3%; ESOP declared
Indus Towers Q1 Results: Indus Towers announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on July 27, reporting a surge of 182 per cent in consolidated net profit at ₹1,348 crore, compared to ₹477 crore in the corresponding period last year. The company's revenue from operations during the first quarter of current fiscal stood at ₹7,075 crore, up almost three per cent, compared to ₹6,897 crore in the year-ago period.
“We are pleased to have delivered a solid operational performance in Q1 FY24, with the highest quarterly tower additions in our history….With the 5G rollouts by operators and network expansion of a major customer progressing at speed, Indus Towers is also keeping pace to capture the growth opportunity and create long term value,'' said Prachur Sah, Managing Director and CEO, Indus Towers. THIS COPY IS BEING UPDATEDGet the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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