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Indus Towers Q3 Results: Company reports profit versus loss a year ago
Indus has flagged continued recovery challenges from another key customer (read: Vodafone Idea), saying the latter’s funding plan had still not materialised and it had not made the committed payments pertaining to the outstanding amount due as at December 31, 2022. The telecom tower company’s net profit grew 19% sequentially, from Rs 1,295 crore in the fiscal second quarter to September 2023.