Adani Enterp. 2395.50↓-80.10(-3.24%)
Adani Ports 714.00↓-4.25(-0.59%)
Apollo Hospitals 4563.25↑26.80(0.59%)
Asian Paints 3100.55↓-0.95(-0.03%)
Axis Bank 914.40↓-3.30(-0.36%)
B P C L 362.25↓-1.05(-0.29%)
Bajaj Auto 4624.10↑106.50(2.36%)
Bajaj Finance 6778.40↓-7.55(-0.11%)
Bajaj Finserv 1421.50↓-4.95(-0.35%)
Bharti Airtel 816.60↑15.20(1.90%)
Britannia Inds. 4597.60↑77.80(1.72%)
Cipla 936.05↓-1.95(-0.21%)
Coal India 240.35↓-0.65(-0.27%)
Divi's Lab. 3397.00↑13.85(0.41%)
Dr Reddy's Labs 4504.80↓-14.45(-0.32%)
Eicher Motors 3674.10↑63.20(1.75%)
Grasim Inds 1701.55↑1.20(0.07%)
H D F C 2648.45↓-23.30(-0.87%)
HCL Technologies 1110.00↓-1.95(-0.18%)
HDFC Bank 1608.20↓-7.60(-0.47%)
HDFC Life Insur. 568.30↑2.30(0.41%)
Hero Motocorp 2747.00↑8.30(0.30%)
Hind. Unilever 2607.60↓-7.35(-0.28%)
Hindalco Inds. 400.75↓-6.15(-1.51%)
ICICI Bank 937.30↓-3.35(-0.36%)
IndusInd Bank 1260.85↓-10.90(-0.86%)
Infosys 1295.00↓-3.65(-0.28%)
ITC 440.20↑6.70(1.55%)
JSW Steel 692.50↓-3.50(-0.50%)
Kotak Mah. Bank 1927.50↑17.15(0.90%)
Larsen & Toubro 2187.60↑2.45(0.11%)
M & M 1268.00↓-7.70(-0.60%)
Maruti Suzuki 9261.15↓-9.60(-0.10%)
Nestle India 21535.90↑155.30(0.73%)
NTPC 175.10↑0.15(0.09%)
O N G C 165.70↓-0.55(-0.33%)
Power Grid Corpn 237.65↑1.85(0.78%)
Reliance Industr 2431.95↓-8.30(-0.34%)
SBI Life Insuran 1175.05↓-0.30(-0.03%)
St Bk of India 578.05↓-4.65(-0.80%)
Sun Pharma.Inds. 948.30↓-3.85(-0.40%)
Tata Consumer 777.50↑6.35(0.82%)
Tata Motors 512.75↓-7.45(-1.43%)
Tata Steel 104.70↓-0.50(-0.48%)
TCS 3289.10↓-14.25(-0.43%)
Tech Mahindra 1095.00↓-3.75(-0.34%)
Titan Company 2697.90↓-9.35(-0.35%)
UltraTech Cem. 7650.00↓-3.80(-0.05%)
UPL 678.15↓-4.10(-0.60%)
Wipro 396.25↓-3.45(-0.86%)

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

Premium

2 min read Last Updated : Jan 24 2023 | 11:43 PM IST

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.