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Receivables currently are greater than 70 days for Indus Towers although no write-offs done in receivables | Q2 FY22 Conference Call

Receivables currently are greater than 70 days for Indus Towers although no write-offs done in receivables | Q2 FY22 Conference Call

Published on 28 October 2021 Views 12 Comments 0
  • Receivables currently are greater than 70 days. Steady state receivables is 40 to 50 days. In the coming quarters, receivable days will improve. No write offs done in receivables.
  • Total towers- 1,83,462 and total colocations- 3,32,551
  • Reporting of towers & colocations has been changed from notice basis to actual exit basis w.e.f. 1st July 2021. During the consolidation phase of the telecom industry, Indus had adopted a conservative approach in December 2018 of reporting exits basis notices received vis-à-vis the earlier method of reporting basis actual exits. Now with the stabilization in the industry and reducing trend of exits, Indus has moved back to the earlier approach of reporting churn based on actual exits to represent actual colocations billed. This has resulted in one-time addition of 3,630 colocations in closing base for the quarter ended September 30, 2021.
  • As on 31st August 2021, the total wireless subscriber base stood at 1,186.7 million of which 650.4 million subscribers were in urban areas and 536.3 million subscribers were in rural areas.
  • Other expenses consist of provisions and their reversals, municipal property taxes, etc.
  • Company will provide their strategy of new upcoming areas like fiberisation and small cells, etc in the coming weeks.

Originally Published On: https://blog.investyadnya.in/indus-towers-q2fy22-conference-call-highlights/
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