In its earnings statement for the July-September quarter, Indus also warned that the potential loss of that “significant customer” if it fails to continue as a going concern or Indus’s failure to get new clients could have an adverse effect on the tower company’s business, results of operations and financial conditions.
Indus didn’t name the customer, but Bharti Airtel<\/a> and loss-making Vodafone Idea are its two major clients. Airtel<\/a>, which owns 47.76% stake in Indus, has been making its payments. The tower company has already warned Vodafone Idea of cutting access to its towers, unless its dues are paid. ET has reported that Vodafone Idea owes nearly Rs7,000 crore to Indus.
“During the last quarter, the customer had informed the company that a funding plan was under finalization with its lenders and had proposed a payment plan to the company to pay part of the monthly billing till December 2022 and 100% of the amounts billed from January 2023,” Indus said, adding that it has agreed to the part payment proposal.
Under that proposal, Vi will pay its dues outstanding as of December 31, 2022, between January 2023 and July 2023, and 100% of its dues from January 2023 onwards.
The dues from Vodafone Idea hurt Indus’s second quarter net profit which slid 44% on-year to Rs 872 crores. Consolidated revenue though rose 16% on-year to Rs 7,967 crore. However, its operating cash flows went down 39% on-year to Rs 1,277 crore despite an 8.2% decrease in its trade receivables to Rs 6,499 crore.
\"Our financial performance continues to be impacted by the collection challenges we face from one of our customers,\" said N Kumar, chairman, Indus Towers.
Indus said that Vi was one of the companies which bid for 5G<\/a> spectrum, spending Rs 18,799.3 crore, which has strengthened its ability to continue as a going concern.
Separately, Indus’s board on Thursday approved raising of funds through issuance of non-convertible debentures (NCD<\/a>) of up to Rs 2,000 crores in or more tranches on private placement basis.
\"Launch of 5G services by two major operators within three months of spectrum auction underlines the strong role of infrastructure players in providing 5G-ready sites at speed. At Indus Towers, we stay excited and prepared to capitalize on the 5G opportunity,\" Kumar said.
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印度河呆账提供Rs 1770.9 cr季度上升了43%;同意柔和的付款条件与沃达丰的想法
在7 - 9月一季发布业绩报告,印度还警告说,“重要客户”的潜在损失如果不能继续作为一个持续经营或印度未能得到新客户可能有不利影响塔公司的业务运营和财务状况的结果。
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新德里:印度河塔周四表示,它已经提供了1770.9卢比对“可疑”债务的第二财季,一季度经济增长43%,随着电信基础设施提供者从关键客户还没有收到货款,这是理解为资金短缺沃达丰的想法。印度河补充说,它已同意客户的提案柔和的付款条件。
在7 - 9月一季发布业绩报告,印度还警告说,“重要客户”的潜在损失如果不能继续作为一个持续经营或印度未能得到新客户可能有不利影响塔公司的业务运营和财务状况的结果。
印度没有客户的名称,但是Bharti Airtel和亏损的沃达丰的想法是它的两个主要客户。附近的旅馆在印度拥有47.76%的股份,使其支付。塔公司已经警告沃达丰的想法减少访问塔,除非其会费收入。等报道,沃达丰知道欠近Rs7,000卢比的印度河。
“在最后一个季度,客户已经通知该公司,资金计划是在终结与债权人和公司提出了一个付款计划支付每月的账单的一部分,直到2022年12月,100%的数量从2023年1月,“印度河说,补充说,它已同意支付一部分的建议。
根据这项提议,Vi将支付会费杰出截至12月31日,2022年,2023年1月至2023年7月,从2023年1月开始和100%的税。
费从沃达丰的想法伤害印度的第二季度净利润同比下滑44%,至Rs 872卢比。合并收入虽然同比增长16%至7967卢比。然而,营业现金流下降39%同比减少1277卢比尽管8.2%的贸易应收账款6499卢比。
“我们的财务业绩仍然是影响收集我们所面临的挑战从我们的一个客户,“N Kumar说,主席,印度河塔。
印度说,Vi是竞标的公司之一5克光谱,支出18799。3卢比,加强继续作为一个持续经营的能力。
另外,周四印度河董事会批准通过不可自由兑换发行债券筹集的资金(非传染性疾病Rs 2000卢比)的私人配售的基础上或多个部分。
“发射5 g服务三个月内由两个主要运营商的频谱拍卖突显了基础设施的重要角色球员提供5 g功能的网站速度。在印度塔,我们保持兴奋,准备利用5 g的机会,”Kumar说。
在7 - 9月一季发布业绩报告,印度还警告说,“重要客户”的潜在损失如果不能继续作为一个持续经营或印度未能得到新客户可能有不利影响塔公司的业务运营和财务状况的结果。
印度没有客户的名称,但是Bharti Airtel和亏损的沃达丰的想法是它的两个主要客户。附近的旅馆在印度拥有47.76%的股份,使其支付。塔公司已经警告沃达丰的想法减少访问塔,除非其会费收入。等报道,沃达丰知道欠近Rs7,000卢比的印度河。
“在最后一个季度,客户已经通知该公司,资金计划是在终结与债权人和公司提出了一个付款计划支付每月的账单的一部分,直到2022年12月,100%的数量从2023年1月,“印度河说,补充说,它已同意支付一部分的建议。
根据这项提议,Vi将支付会费杰出截至12月31日,2022年,2023年1月至2023年7月,从2023年1月开始和100%的税。
费从沃达丰的想法伤害印度的第二季度净利润同比下滑44%,至Rs 872卢比。合并收入虽然同比增长16%至7967卢比。然而,营业现金流下降39%同比减少1277卢比尽管8.2%的贸易应收账款6499卢比。
“我们的财务业绩仍然是影响收集我们所面临的挑战从我们的一个客户,“N Kumar说,主席,印度河塔。
印度说,Vi是竞标的公司之一5克光谱,支出18799。3卢比,加强继续作为一个持续经营的能力。
另外,周四印度河董事会批准通过不可自由兑换发行债券筹集的资金(非传染性疾病Rs 2000卢比)的私人配售的基础上或多个部分。
“发射5 g服务三个月内由两个主要运营商的频谱拍卖突显了基础设施的重要角色球员提供5 g功能的网站速度。在印度塔,我们保持兴奋,准备利用5 g的机会,”Kumar说。
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