BAJAJ BROKING
Indus Towers will consider a share buyback on July 30, 2024. The company’s Q4 net profit stood at ₹1,853.1 crore, increasing by 32.5% YoY. The Indus Towers share price has shown significant growth with a 19.29% one-month return and 109.52% YTD return.
Telecom infrastructure firm Indus Towers announced that its board of directors will evaluate a proposal for the buyback of fully paid-up equity shares at a board meeting scheduled for July 30, 2024. The last share buyback by the company, then known as Bharti Infratel, was conducted in June 2016.
The proposal involves the buyback of fully paid-up equity shares of ₹10 each. This action will be in accordance with the Companies Act, 2013, and the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018. The buyback proposal will include matters related and incidental to the buyback process.
Indus Towers reported a significant 32.5% year-on-year increase in net profit for the fourth quarter ending March 31, 2024, reaching ₹1,853.1 crore. This was up from ₹1,399.1 crore in the same quarter of the previous fiscal year.
The company's revenue from operations rose by 6.5%, amounting to ₹7,193.2 crore compared to ₹6,752.9 crore in the corresponding period of the previous fiscal.
On the operational front, EBITDA had increased by 19%, reaching ₹4,102.6 crore in the fourth quarter of this fiscal year, up from ₹3,446.6 crore in the corresponding quarter of the previous fiscal. The EBITDA margin improved to 57% from 51% year-on-year.
Indus Towers share price closed at ₹424.80 on Thursday, a decrease of ₹1.75 or 0.41% on the BSE. However, the stock has demonstrated impressive performance, with a one-month return of 19.29% and a year-to-date (YTD) return of 109.52%.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Share Market Today | Gift Nifty Signals 100-Point Gap Down, Nifty to Consolidate
06 Sep, 2024 | 4 Min. read
KEC International Secures ₹1,423 Cr Transmission Line Order in Saudi Arabia
06 Sep, 2024 | 1 Min. read
Ashoka Buildcon’s Viva Highways Monetises Pune Land for ₹453 Crore
06 Sep, 2024 | 2 Min. read
Peak Partners To Sell 11% Stake in Indigo Paints via Block Deal
06 Sep, 2024 | 2 Min. read
US Initial Jobless Claims Drop to 227,000 in August.
06 Sep, 2024 | 1 Min. read
Commodities Market Today | WTI Crude Steady at $69.18, Gold Rises 0.8% to $2,546
06 Sep, 2024 | 1 Min. read
Gold Rate Today | Gold Rises 0.8% to $2,546, Silver Gains 2% to $29.14
06 Sep, 2024 | 2 Min. read
Vodafone Idea Share Price Falls 11% After Goldman Sachs Report
06 Sep, 2024 | 1 Min. read
Suzlon Energy Share Price Rises After Corporate Office Sale
06 Sep, 2024 | 1 Min. read
Why is the Stock Market Down Today? Key Factors Explained
06 Sep, 2024 | 1 Min. read
Sona BLW Precision Forgings Plans ₹2,400 Crore QIP at ₹675-700 per Share
05 Sep, 2024 | 1 Min. read
Commodities Market Today | Crude Oil Drops, Brent Hits Low; Gold and Silver Rise
05 Sep, 2024 | 1 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading