Idea Cellular Q3 net profit down, revenue surges

Idea Cellular, the country’s third largest telecom operator, reported a decline of 0.4% in net profit in the third quarter of the financial year 2016. The telco’s consolidated net profit fell to Rs 7.64 billion in the quarter, from Rs 7.67 billion a year earlier.

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The telco has reported 12.4% increase in standalone revenue at Rs 90,089 million in the third quarter of the financial year 2016, against Rs 80,148 million a year earlier. The factors driving revenue growth were volume led including year on year expansion of voice minutes at 16.7% to 199.2 billion minutes, and mobile data (2G+3G+4G) at 75.8% to 81.0 billion MB, in the third quarter. However, a year decline in voice realized rate at 10.6% and mobile data realised rate at 17.2%, depressed overall gross revenue growth.

The capex spend in the quarter of Rs 23,135 million was financed by cash profit of Rs 23,493 million for the quarter. The standalone quarterly EBITDA of Rs 28,513 million grew annually by 14.7%. The company’s net debt now at Rs 376.9 billion, includes almost all Deferred Payment Liability from past spectrum auctions, including March 2015 auction.
Idea said it supported its consumer centricity vision by integrating highest ever 32,385 (2G+3G+4G) cell sites during calendar year 2015.

The telco expanded 2G services population coverage to nearly 974 million Indians and wireless broadband 3G and 4G services footprint to cover 340 million Indian population, while its fibre network expanded beyond 105,000 KMs, helping the company to gear itself for next wave of mobile internet revolution. Idea is currently servicing 182 million VLR subscribers as of December 31, 2015.

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21 Comments on "Idea Cellular Q3 net profit down, revenue surges"

 

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Manoj
January 22, 2016 11:02 am 11:02 AM
Idea is responsible for this. Im in Delhi NCR and I was using Idea Postpaid since past 4 years. I was having corporate plan with Unltd 2G data worth 150 Rs rental PM. Dramitically, Idea closed tht plan and applied some 255 Rs rental 2G data plan which have 2G speed upto 3GB and then 40 kbps speed. In the same way they closed some advance rental plan also. When enquired with idea customer care and their management team, they said tht due to some technical issue they have updated those plan with some rental increase. It was a good… Read more »
Manish
January 23, 2016 10:30 am 10:30 AM

Same happened with me with my Airtel Postpaid connection in Delhi circle. I used Airtel 299 Corporate plan which gives me 600L/N min with 1GB 3G data. On last year, august month they increase this plan monthly rental to 349 with the same benefits.

Rahman
January 22, 2016 10:13 am 10:13 AM

Idea want that itself.
I want idea to sell thier busnes

Joseph John
January 21, 2016 10:30 pm 10:30 PM

Using Idea 4G in Kottayam….pretty decent speeds…Around 15-20 mbps download and 8-10 mbps upload speed…

Sudhakar
January 22, 2016 9:50 am 9:50 AM

The speed range comes under 3G range. Actual 4G speed will be above 100 Mbps (slightly above 12 MB / s).

Joseph John
January 22, 2016 11:50 am 11:50 AM
Come on…how can you expect 100 mbps from a 4g network with just 5 mhz bandwidth…(idea has 10 mhz in kerala but right now they have deployed only 5 mhz )….with 5 mhz bandwidth max possible theorotical speed is 37.5 mbps…so in real life situations you can expect around 20 mbps speed which i am enjoying right now and i am happy with that…Idea 3G Hspa+ max thearotical speed on 5 mhz is 21.1 mbps and real life situations i get speeds between 1 to 10 mbps… Dont expect 100 mbps on a 4g network right from the launch…Only in… Read more »
Mahmood Junaid
January 22, 2016 12:32 am 12:32 AM

How is their coverage? Saw a news they have 1200 4g sites in kerala now and will cover 50% of kerala popualtion by this march

Joseph John
January 22, 2016 11:28 am 11:28 AM

They have launched the 4g service in kottayam just 2 days ago..so 4g coverage is minimal..just present around the main town…but they are rapidly expanding…all the major sub towns of kottayam will be covered within few weeks as 4g BTS works are in progress in these areas…

Idea is rapidly expanding 4g without doubt…i got an sms stating they launched 4g in chry y’day….

Sudhakar
January 22, 2016 9:51 am 9:51 AM

That will be only at state capitals man.

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