Cash-stapled Telco has reduced its previous overdues with Sindhu, reduced its trade receipts from Rs 406.4 crore during the June quarter, which increased to Rs 4361.1 crore after the CEO of Indus Towers, after paying Rs 88 crore in Q1 FY26, after paying Rs 88 crore in Q1 FY26.
“We have collected most backlog receipts. As part of our cash management, instead of keeping cash useless, we have either reduced our debt or used it for very strategic acquisitions,” Sah said.
However, the Indus Board has considered conserving cash in the short term. This decision was taken into consideration various relevant factors, including the developed industry landscape, their customers’ stability, elevated capital expenditure for the company and inorganic development opportunities, SAH said.
Vodafone Idea auditors have reported the ingredients uncertainty in their March quarter, saying that VI’s ability to settle its liabilities is dependent on the Department of Telecommunications (AGR) with the Department of Telecom Revenue (AGR), raising funds through equity and loan, and generations of operation free from operation.
Sindhu said in an exchange filing on Wednesday, “The board continues to closely monitor the situation to be developed. The company’s future cash requirement before distributing it free cash,” SAH said, Sah said, adding free cash flows generated in the previous and current financial year, will be available for dividend payments after deciding to re -establish the distribution by the board.
The company cited the elevated Capex Outlook as a reason for the conservation of cash in the short term. Saying that Capex will be allocated for further growth in its tower business, replacing the infrastructure of aging, and its towers for high tenancy.
Sindhu reported the maintenance of Rs 1190 crore in the first half of the calendar year 2025, which is equivalent to the company’s capex for the entire 2024.
Beyond the tower additions, the company expects investing in solar sites, replacing and upgrading the battery in lithium-ion and adding more diesel generators.
“These are upgrades that include capex, but do not always add to the tower count,” SAH said, maintenance capex is expected to be elevated for the next 3-4 years as it continues to upgrade the infrastructure of its aging.
Indus Towers said that there has been a slight increase in the total number of 5G base stations in the June quarter, while saying that the speed of 5G deployment has slowed down, its contribution remains a meaningful driver for revenue.
Like 5G adoption is deep, the demand for additional sites is expected to reduce the network congestion. Sindhu said the first quarter rollouts were also seasoned seasonally, and would appear as rollouts in the subsequent quarters.