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Home  » Business » Idea Q4 net jumps 60% to Rs 590 cr

Idea Q4 net jumps 60% to Rs 590 cr

Source: PTI
April 28, 2015 19:58 IST
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The consolidated revenue increased 20 per cent to Rs 8,422 cr

Telecom service provider Idea Cellular has posted a consolidated profit after tax of Rs 941.8 crore (Rs 9.42 billion) for the fourth quarter ended March 2015 against Rs 589.8 crore (Rs 5.9 billion) for the same quarter March 2014, registering an increase of about 60 per cent.

The consolidated revenue for the fourth quarter ended March 15 was at Rs 8,422.5 crore (Rs 84.22 billion) against Rs 7,043.8 crore (Rs 70.44 billion) in the same period previous year, a growth of 19.5 per cent.

Inspite of TRAI reducing the termination charge from earlier 20p/minute to 14p/minute from other telecom operators and no IUC charge on the calls originating or terminating to wireline networks, the sequential quarterly revenue has grown by 5 per cent during the January-March quarter driven by 9.2 million Active Subscriber addition.

There also has been a sharp expansion of voice minutes at a growth rate of 8.4 per cent to 185 billion minutes and an 18.3 per cent increase in mobile data volumes to 54.5 billion Megabytes, according to the company.

The average revenue per user (ARPU) has increased to Rs 179 during the fourth quarter. The voice rate realisation remained under pressure for the third successive quarter and declined by 7.1 per cent to 33.9p/minute from 36.5p/minute in Q4 of FY14.

The average realisation per minute (ARPM) improved by 2.7 per cent to 44.8p/minute in Q4FY15 from 43.6p/minute in Q4FY14 and non-voice revenues share increased to 24.5 per cent this quarter against 16.5 per cent in Q4FY14.

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