NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking maintains Buy rating on Indus Towers Ltd., driven by improving revenue visibility and steady tenancy-led growth, supported by rising data usage and ongoing 5G expansion.
Adjusted gross revenue relief has strengthened Vodafone Idea Ltd. balance sheet, enhancing long-term earnings predictability. Margin pressures are largely optical, with core profitability and energy efficiencies improving. Strong free cash flow, with disciplined overseas expansion providing optional upside.
The brokerage expects revenue/Ebitda/PAT to clock a CAGR of 9.3%/1.5%/11.2% over FY25-FY28E. Anand Rathi revises FY26E/FY27E/FY28E EPS by 0.3%/ (3.5%)/ (2.4%).
The brokerage rolls over to Mar’28E and maintain Buy with a revised target price of Rs 523 (vs Rs 503 earlier) at a PE of 16.0x on Mar’ 28E earnings per share.
Click on the attachment to read the full report:
Centrum Broking Indus Towers Q3fy26 Results Review.pdf
Also Read: Zydus Wellness Q3 Review: Anand Rathi Stays ‘Buy’ Despite Mixed Numbers — Check Revised Target Price
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Comprehensive Budget 2026 coverage,
LIVE TV analysis,
Stock Market and
Industry reactions,
Income Tax changes and
Latest News on NDTV Profit.
