India's Indus Towers dips after quarterly profit falls

Indus Towers

31/07/2025 06:23

** Shares of Indus Towers INUS.NS decline 4.1% to 368.45 rupees; their lowest level since early-April

** Telecom infra firm's consol profit after tax dropped 9.8% y/y to 17.37 billion rupees, its operating profit margin contracted to 33.29% from 40.43% a year ago

** Analysts at UBS said co's results were "slightly softer-than-expected"; PAT declined due to higher power and fuel costs

** Adds, co's decision to not pay dividends is a negative development amid strong free cash flow of 118 billion in the past five quarters

** The decline in stock also comes amid a weaker broader market .BO

** Avg rating of 20 brokerages is "hold" on INUS stock, median PT is 407 rupees - data compiled by LSEG

** Year-to-date, stock is up 7.5%

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))