Indus Towers Q4 Net Profit Drops 23% Due to Doubtful Dues from Vodafone Idea
Telecom infrastructure provider Indus Towers has reported a 23% decline in its net profit for the fiscal fourth quarter, citing doubtful dues from its largest customer, Vodafone Idea. The tower company’s profit for the January-March quarter was Rs 1,399 crore, compared to Rs 1,829 crore in the same period last year. Its revenue for the quarter was Rs 6,753 crore, down 5% from the same period in 2022. Indus Towers... Read More