{"id":112669,"date":"2023-10-26T15:55:58","date_gmt":"2023-10-26T10:25:58","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112669"},"modified":"2023-10-26T15:56:04","modified_gmt":"2023-10-26T10:26:04","slug":"telecom-stock-in-red-after-it-reports-10-decline-in-revenue-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/telecom-stock-in-red-after-it-reports-10-decline-in-revenue-yoy\/","title":{"rendered":"Telecom stock in red after it reports 10% decline in revenue YoY\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1041936726\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this midcap telecom service provider company fell by 2.73 percent after the company reported 10 percent decline in revenue.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3165181490\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 2:50, 26th october shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/INDUSTOWER\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Indus Towers Ltd<\/a><\/strong> were trading at Rs. 169.70 per share, down by 2.61 percent from previous closing price of Rs. 174.25 per share.\u00a0<\/p><p>Such negative stock price movements were witnessed after the company announced results for Q2FY24 in which revenue declined by 10 percent to Rs. 7,133 crores in Q2FY24 from Rs. 7,967 crores in Q2FY23. Company\u2019s operating cash flow declined by 69 percent to Rs. 398 crores from 1,277 crores in the same quarter of previous financial year.&nbsp;<\/p><p>On the other hand, the company reported profit after tax (PAT) growth of 49 percent to Rs. 1,295 crores in Q2FY24 from Rs. 872 crores in Q2FY23. The company also achieved a milestone of 200,000 macro towers in the second quarter ended september 30.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2867729874\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Looking at the profitability ratios, the company reported return on equity (ROE) of 9.44 percent and return on capital employed (ROCE) of 16.57 percent in the last financial year.&nbsp;<\/p><p>The company&#8217;s promoters possess roughly 69 percent of the shares, while Foreign Institutional Investors (FIIs) own 21.41 percent, and Domestic Institutional Investors (DIIs) have a 6.71 percent stake, leaving the remaining 2.88 percent in the hands of the general public.&nbsp;<\/p><p>Indus Towers Limited is in the business of setting up, operating and maintaining wireless communication towers. Company has a tower market share of 33 percent. Their customers are Bharti Airtel, Vodafone Idea, Reliance Jio and BSNL. In 2020, Bharti Infratel merged with Indus towers.&nbsp;<\/p><p><strong>Written by: Vinit Israni&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1947013533\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this midcap telecom service provider company fell by 2.73 percent after the company reported 10 percent decline in revenue.&nbsp; At 2:50, 26th october shares of Indus Towers Ltd were trading at Rs. 169.70 per share, down by 2.61 percent from previous closing price of Rs. 174.25 per share.\u00a0 Such negative stock price movements [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[13688,10590,948,936],"class_list":["post-112669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-indus-towers-latest-news","tag-indus-towers-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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