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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

Vodafone
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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.

“During the current quarter the funding plan of the said

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

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