Revenue after tax for the June quarter fell regardless of an Rs 88 crore writing again provisions made towards uncertain receivables from cash-strapped Vodafone Thought, one in every of its anchor clients.
The passive infrastructure firm, which is now a subsidiary of Bharti Airtel, reported a 9.1% on-year enhance in income to Rs 8,058 crore.
In the course of the quarter ended June 30, complete bills elevated 29.2% on-year to Rs 3,667.5 crore resulting from rise in energy and gasoline prices (up 5.8% on-year to Rs 3068.7 crore), worker profit bills (up 8.2% on-year to Rs 213.3 crore) and repairs and upkeep bills (up 2.9% on-year to Rs 369.7 crore).
Indus stated Vodafone Thought is now paying an quantity equal to its month-to-month billings, and Indus continues to recognise income from operations regarding the telco. “Nevertheless, the corporate doesn’t recognise income equalisation asset on account of straight-lining of lease leases contemplating the shopper’s monetary situation,” Indus stated in its quarterly earnings report.
Indus carries an allowance for uncertain receivables of Rs 209.9 crore as of June 30, 2025, which fell from Rs 298.1 crore within the earlier quarter, on account of Vodafone Thought clearing its previous overdues.Indus although stated that in case of lack of enterprise from Vodafone Thought resulting from its incapability to proceed as a going concern, with none new buyer coming onboard, there may very well be an antagonistic impact on the outcomes of operations and monetary place of the tower firm.Web finance price for the quarter fell 2.9% on-year to Rs 396.5 crore, or 4.9% of its revenues.
Within the fiscal first quarter, Indus added 2,468 new macro towers taking its complete to 251,773 towers. Co-locations elevated by 5,777 quarterly, ending the quarter with 411,212 co-locations. Co-locations are factors the place a tower firm deploys cell telecom antennae of a number of carriers on a single construction.
“Our inherent strengths as a number one passive infrastructure participant proceed to assist us obtain a significant share of our clients’ rollouts,” stated Prachur Sah, managing director and CEO, Indus Towers.
He added that the corporate continues to make investments in rising applied sciences together with in AI and digital options, aimed toward future-proofing its operations.
“We consider that our scale, agility, and tech-forward strategy place us favourably to capitalize on rising alternatives amidst the backdrop of a quickly evolving business panorama,” he added.
The corporate’s shares closed 1.74% decrease at Rs 383.75 on the BSE Wednesday. The outcomes have been introduced after market hours.
