Business Standard

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.

“During the current quarter the funding plan of the said

Don't miss the most important news and views of the day. Get them on our Telegram channel

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

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to