Indus Towers share price tanks 7% post Q4 results. What should investors do now?
Indus Towers share price: Shares of telecom infrastructure firm Indus Towers cracked over 7% on Friday, May 2, following the announcement of the January-March quarter results, wherein the company posted a nearly 4% fall in consolidated profit after tax.
Indus Towers’ Q4 profit after tax stood at ₹1,779 crore, down 4% year-on-year from ₹1,853 crore posted in the corresponding quarter last year. Meanwhile, the company’s revenue from operations witnessed a 7.4% YoY uptick to ₹7,727 crore, as against ₹7,193 crore posted in the same period a year ago,
Its consolidated earnings before interest, tax, depreciation and amortisation stood at ₹4,395 during the quarter under review, up 7.1% YoY.
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