Indus Towers makes Rs 2,298-crore provision for Vodafone Idea receivables

Firm reports loss of Rs 708 crore in Q3; in Q2 it had recorded a profit of Rs 872 crore

Subhayan Chakraborty New Delhi

Indus Towers on Tuesday said it had made a doubtful debt provision of Rs 2,298.1 crore against receivables from Vodafone Idea (Vi).
The company posted a net loss of Rs 708 crore in the third quarter of financial year (Q3FY23) on a total revenue of Rs 6,765 crore. In Q2, the company had made a net profit of Rs 872 crore on a revenue of Rs 7,967 crore.
The company yet again drew attention to how one of its largest customers’ financial conditions impacted its business operations and financial position.

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First Published: Jan 24 2023 | 9:29 PM IST

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