Indus Towers Q2 net profit rises 49 per cent to Rs 1,295 crore
NEW DELHI: Telecom infrastructure company Indus Towers on Wednesday posted a 49 per cent increase in consolidated net profit to Rs 1,295 crore in the September quarter. The company had posted net profit of Rs 872 crore in the year-ago period. The consolidated revenue of Indus Towers declined 10 per cent to Rs 7,133 crore during the second quarter of the current fiscal from Rs 7,967 crore a year ago. "The revenue for second quarter included... Rs 1,076 crore from deferred recognition of revenues arising from the settlement of old dues with customers. The quarter also had an impact of Rs 1,771 crore due to provision for doubtful debt," the company said in a statement. "The quarter marked Indus Towers reaching a milestone of 200,000 macro towers, reaffirming its leadership position. We ar...