Consolidated net profit fell by 66 percent year-on-year to Rs 477 crore in the quarter as topline grew merely three percent to Rs 6,897 crore and operating profit shrank 36 percent to Rs 2,262 crore. Operating cash flow tanked 60 percent to Rs 807 crore reflecting the impact of non-payment from one of the customers.
Overall total towers grew 1,027 from the previous quarter to 186,474, which was weaker than the historical average for the company. Sharing revenue per tower fell 11.4 percent sequentially to Rs 75,688 in the reported quarter.