Customer payment delays
Receivables increased by INR 8.8 billion due to delayed payment from a major customer, though subsequently cleared. Past dues remain unresolved.
INDUSTOWER / Q2-FY24 / risks
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Indus Towers · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Dependence on customer fundraising
Clearance of past dues is dependent on the customer's fundraising plans, which are uncertain.
Revenue recognition deferral
A transaction with a customer led to deferred revenue recognition in Q2, impacting reported rental revenue. Resolution expected in Q3 but not guaranteed.
Rural expansion slowdown
Analyst noted that Airtel indicated rural expansion may largely be behind by end of calendar 2023, which could reduce tower addition demand.