Indus towers posted Q1 results, management seems to be handling the VI crisis fairly well and have added 5k towers this quarter (+3% tower count): Indus Towers Q1 Results: Net profit surges 182% to ₹1,348 crore, revenue up 3%; ESOP declared | Mint
I had done a valuation earlier this month (see below), which sill seems valid, although stock price has gone up slightly since then:
The detailed assumptions are below for the base case valuation:
Feedback / opinions on way forward appreciated!
Disc: invested
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