BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Indus Towers Ltd.'s Q1 FY22 operating performance was marginally better led by higher rentals/tenant and lower opex.
Revenue/Ebitda/adjusted profit after tax grew by 2.9/19.6/38.3% YoY.
Indus Towers' energy spread was negative for fifth quarter in a row.
Receivables increased sharply QoQ from Rs 38 billion to Rs 52 billion.
Risk on tenancy loss from Vodafone Idea Ltd. has increased materially in absence of fund raise, weak operating performances and lack from relief from Supreme Court on adjusted gross revenue liabilities.
Vodafone Idea shutdown may lead to reduction of ~45% of tenancies (partly may be absorbed by competition telcos) but impact on profitability will be severe.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.