At its fiscal first quarter earnings call on Friday, Indus top management also said the tower company is constantly pushing its key customer, Vi, to clear its massive past dues, estimated at ₹9,500 crore.
Its revenue from operations also rose 3 percent to Rs 7,076 crore from Rs 6,897 crore in the corresponding quarter last fiscal. The Return on Equity (RoE) dropped to 13.8 percent as against 29.5 percent YoY
Indus Towers, one of the world s largest tower operators, has reported its highest quarterly tower additions in history and a 3% YoY increase in consolidated revenue to INR 70.76bn ($942m) for the April-June quarter. While the steady collections have aided the financial performance