Indus Towers Q3 Review - Short-Term Fine, Medium-Term Uncertain: Dolat Capital 

Indus Towers Q3 Review - Short-Term Fine, Medium-Term Uncertain: Dolat Capital

A cell phone tower (Photographer: Aaron Harris/Bloomberg News)

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. first time reported the merged financials of Infratel-Indus.

The company’s Q3 FY21 was operationally healthy lead by strong tower additions, tenancy growth and rental/tenant led by exit penalties.

Energy spread was negative for third consecutive quarter. Indus’ short-term prognosis remains positive led by potential tariff increase in the telecom sector and/or fund-raise by Vodafone Idea Ltd.

Stake sale (even partial) by Vodafone Plc (approximately 28%) could lead to supply overhang.

Click on the attachment to read the full report:

Dolat Capital Indus Tower Q3FY21 Result Update.pdf
Read Document

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.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all
Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES