India's Indus Towers drops after Q4 profit fall

Indus Towers

02/05/2025 09:51

** Indus Towers INUS.NS falls 6.2% to 382.6 rupees; set for worst day in over seven months

** Telecom infra provider's Q4 consol PAT falls 4% Y/Y, hurt by a rise in costs; rev up 7.4%

** Jefferies("underperform;" PT:345 rupees) calls lack of dividend announcement in Q4 a negative surprise; co may raise dividends in FY26

** Expects co's tenancy additions to pick up over next few quarters, led by Vodafone Idea VODA.NS's network expansion

** More than 16.4 mln shares traded, over twice the 30-day avg

** Avg rating on stock is "hold;" median PT is 407 rupees - data compiled by LSEG

** Stock up 12% YTD

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))