Idea Cellular Reports Rs 1285.6 Crore Net Loss, Revenue Down 24.9%

Idea Cellular’s net loss widened to Rs 1285.6 crore for the October-December quarter as compared to Rs 385.6 crore net loss in a year earlier period, and Rs 1107.7 crore in the second quarter of the ongoing fiscal. The telco said that the regulator, Trai’s regulation to cut the IUC rates by 57% negatively impacted its revenue and EBITDA for this quarter.

Idea Cellular

“The new domestic MTC rate and recently announced drop in ‘International mobile termination’ settlement charges effective 1st February 2018 from 53 paisa to 30 paisa per minute, remains a body blow to all operators and reduces investable funds for the critical ‘Digital India’ program,” the telco said, adding that the international IUC rate drop only benefits the foreign operators, with no commensurate benefit to Indian consumers but with significant foreign exchange and revenue loss to the Indian exchequer.

The Aditya Birla Group-led telco’s revenue plunged 24.9% in the quarter to Rs 6509.7 crore from Rs 8662.7 crore in a year earlier period.

Consequent to gross revenue decline primarily on account of MTC rate revision, the EBITDA for the quarter declined by 18.5% to Rs 1223.3 crore.

Idea said that it remains focused to optimise its operating costs in the new sector paradigm. Adjusting for IUC impact, absolute EBITDA declined by 3.2% sequentially. The EBITDA margin for the quarter declined to 18.8% (normalised margin of 19.8%) from 20.1% in Q2FY18. The ‘Depreciation & Amortisation’ charge and ‘Interest & Financing Cost (Net)’ stood at Rs. 21,414 million and Rs 1149.0 crore.

Idea said that it witnessed the strong return of subscriber addition with 7.5 million ‘Net customer adds’ on VLR during Q3FY18, on the back of success in MNP from existing operators, and launch of mass market unlimited voice bundled data plans, along with sustained broadband investment.

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Resultantly, Idea improved its ‘Subscriber Market Share’ (VLR) to 19.8% in November 2017 vs 19.4% in August 2017. The company’s overall subscriber base (VLR) crossed the 200 million milestone and stood at 203 million as on December 31, 2017.

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NikhilPriyansh SinghGirish GowdaKiran Fernandes | MumbaiBaiju Recent comment authors
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Priyansh Singh
Priyansh Singh

What is VLR Subscriber Base?

Could somebody confirm that they have Crossed 200 million subscriber on their own?

dragonmonk
dragonmonk

VLR = Visitor Location Register.
VLR Subscriber Base = Active users on the network (and not users with switched-off SIMs).

Yes, they appear to have crossed 200 million subscribers as of December 2017.

Priyansh Singh
Priyansh Singh

Thank you so much for the Valuable Information. 🙂

ANDS
ANDS

Pretty satisfied with the speeds of Idea !

Screenshot_2018-01-24-17-46-51-659_org.zwanoo.android.speedtest.png
Rhishav (Kolkata)
Rhishav (Kolkata)

Excellent speeds bro. Enjoy.

Priyansh Singh
Priyansh Singh

Is it Redmi Note 4?

Getting Great Speeds on Idea. Nikhil told us that it doesn’t supports Band 1 so idea & vodafone users face 4G issues on it.

Nikhil
Nikhil

Looks like Redmi Phone!!!!! Can’t say it’s Note 4 or not!!!!! Redmi Note 4 on Idea 4G and Vodafone 4G flies in Pune as Idea 4G is on band 40 and band 3!!!!!Vodafone latches onto Idea signal I guess because they have 4G ICR!!!!! In Mumbai Vodafone 4G sucks on same phone!!!!! Lets not talk about Idea 4G in Mumbai as it is on band 1!!!!!Dont know why they don’t latch on Vodafone 4G despite being having 4G ICR!!!!! Even though band 41 is live in Mumbai this phone doesn’t support it!!!!! Even upcoming Redmi Note 5 won’t support bands… Read more »

Kiran Fernandes | Mumbai
Kiran Fernandes | Mumbai

Lol Nikhil you seem to be screaming internally with those 4 exclamation marks after each sentence. 😀

Nikhil
Nikhil

Some people don’t know anything and posts here!!!!! Which kills me!!!!!

Priyansh Singh
Priyansh Singh

Thank you very much for the information. 🙂

Nikhil
Nikhil

Redmi Y1 supports all bands except band 8!!!!!Redmi Note 3 supports all bands except band 41!!!!

Priyansh Singh
Priyansh Singh

Xiaomi mein Gadbad Ghotala naa ho aisa toh ho nahi sakta hai 😉

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