Indus Towers Q3 Review - Short-Term Fine, Medium-Term Uncertain: Dolat Capital 
A cell phone tower (Photographer: Aaron Harris/Bloomberg News)

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

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

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