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:
Standard Deviation: Meaning, How To Use and Calculate
14 Dec, 2024 | 5 Min. read
Business Forecasting: Definition, Methods, and Models
14 Dec, 2024 | 8 Min. read
Modern Portfolio Theory (MPT): Definition, Types & How To Use
14 Dec, 2024 | 8 Min. read
ASM & GSM Meaning - List of ASM & GSM Stocks
14 Dec, 2024 | 7 Min. read
What Is Nifty BeES? A Guide to Its Benefits and Working
14 Dec, 2024 | 6 Min. read
Nifty Healthcare Index
14 Dec, 2024 | 1 Min. read
Hedging: Meaning, Types, Risks and Strategie
14 Dec, 2024 | 6 Min. read
Bollinger Bands: Meaning, How To Interpret and Use
14 Dec, 2024 | 7 Min. read
Moving Averages Indicator: Variations & Examples
13 Dec, 2024 | 4 Min. read
Learn Everything About Breakout Trading
13 Dec, 2024 | 9 Min. read
Gold Price in India | Gold Drops 1% After Reaching Five-Week High
13 Dec, 2024 | 39 Min. read
Statement of Account and Demat Account: Meaning & Differences
13 Dec, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading