Indus Towers gets big thumbs up from brokerages. Stock up 2%

Indus Towers delivered a stellar quarterly performance in Q3 FY25. Its net profit jumped 160% year-on-year. The profit performance was bolstered by significant overdue collections from a major customer, leading to a Rs 3,024 crore write-back of doubtful receivables. The brokerage houses are bullish and expect a dividend in the next quarter of the current financial year.