Indus Tower reports negative cash flows for 2nd straight quarter on high capex: Analysts
By
Biju Kumar
Mumbai: Indus Towers reported negative free cash flow (FCF) for the second consecutive quarter, which analysts attributed to elevated capex at Rs 2,300 crore in the fiscal second quarter as against Rs 2,200 crore in Q1FY24.
The company’s stock was down nearly 3% at Rs 169.95 in Thursday late trade on the BSE.