Indus Towers - Revenue Remains In Line, Tenancy Additions Improving: Motilal Oswal
A telecom tower. (Photographer: Susana Gonzalez/Bloomberg)

Indus Towers - Revenue Remains In Line, Tenancy Additions Improving: Motilal Oswal

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.

Motilal Oswal Report

Indus Towers Ltd. reported an in-line revenue/Ebitda decline of 3.6%/3.9% QoQ due to 4% decline in rental revenue as exit penalty receipts to remain low in Q4 FY21.

Excluding the impact of exit penalty charges, rental revenue grew 1% QoQ.

The company has consistently improved its tenancy addition since the past three quarters (3.7k adds in Q4 FY21).

We estimate a consolidated FY21-23E revenue/Ebitda compound annual growth rate of 4%/6%.

Click on the attachment to read the full report:

Motilal Oswal Indus Towers Q4FY21 Result Review.pdf

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