Reversal in VIL provision improves EBITDA

Company
06 May 2024
5 Min read 
  • Indus Towers reported flat revenue QoQ, but EBITDA and PAT grew 14%/20% QoQ.
  •  Tower additions were led by one operator, moderating the ASF.
  •  VIL's fund raise and network investments will benefit Indus Towers.
  •  Elevated capex expected in FY25 due to rural expansion and 5G rollout.
  •  VIL dues moderated with a decline in dues to INR54b.
  •  The large rollout of 5G services is expected to spur demand for newer sites.
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