Indus Towers had a writeback of Rs 195 crore as bad debt provision during the reported quarter, aided by collections against delinquencies.
The company had posted a net profit of Rs 2,223.5 crore in the same period a year ago.
“A major customer of the Group is responsible for a significant portion of the revenue from operations for the quarter and half year ended September 30, 2025 and constitutes a significant portion of the outstanding trade receivables and unbilled revenue as of September 30, 2025,” Indus Towers said in its filing without naming Vodafone Idea.
The filing stated that the “customer” has expressed its ability to settle its obligations and is dependent on support from the Department of Telecommunications (DoT) regarding the AGR issue, raising funds through equity and debt, and generating cash flow from operations.
“The customer pays an amount equal to the monthly billing to the Group. The Group continues to recognize revenue from activities relating to the customer for the services provided; however, the Group does not recognize revenue equalization assets due to the straightening of lease rentals taking into account the financial condition of the customer,” Indus Towers said. However, the company posted a profit increase of about 6 percent quarter-on-quarter. “Our sharp focus on cost efficiency has contributed to steady improvement in our profitability. The quarter also marked the announcement of our plan to enter Africa, a strategic step towards complementing our long-term growth by expanding Indus Towers’ proven execution capabilities into new high-potential markets,” said Indus Towers, MD and CEO of Prachur Sah.
Revenue from Indus Towers operations rose 9.6 percent to Rs 8,188 crore during the reported quarter, compared to Rs 7,465 crore in the September 2024 quarter.
The company’s mobile tower count grew to 2,56,074 with the addition of 26,416 towers in the last twelve months.
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