Indus said Vodafone Idea is now paying an amount equivalent to its monthly billings, and Indus continues to recognise revenue from operations relating to the telco. “However, the company does not recognise revenue equalisation asset on account of straight-lining of lease rentals considering the customer’s financial condition,” Indus said in its quarterly earnings report.
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Indus Towers Q1 Results: Profit falls 9% on-year to ₹1,737 crore amid rising expenses
Indus Towers Q1 Results: Profit falls 9% on-year to ₹1,737 crore amid rising expenses
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