MTS Q3 revenue up 20%, data card subscriber base increased by 6.3%

Sistema Shyam Teleservices, which operates under the MTS brand, has reported a net loss of Rs 437.9 crore for the quarter ended September 30, compared to Rs 760.1.9 crore a year ago. The company is doing its business in nine circles.

MTS India - SSTL

The company’s net loss however expanded from Rs 402.5 crore in the previous quarter, mainly due to higher forex losses, the Indian unit of Russia’s Sistema JSFC said.

“During the quarter, our non-voice revenues grew by 14% thereby contributing 43% of the total revenues. The results have once again demonstrated the market acceptance of our world class 3G plus network,” said Dmitry Shukov, Chief Executive Officer of Sistema Shyam Teleservices.

Dmitry further added “To further strengthen, the data story in India, it is imperative that the government comes out with a clear roadmap on spectrum sharing and trading. We are hopeful that as this happens, it would give a boost to broadband penetration in the country.”

However, MTS revenue increased 20% year-on-year to Rs 342.7 crore, which was also 2% higher than the second quarter ended June 30, helped by increased use of its data services by customers.

“Operating loss before depreciation and amortization (OIBDA) narrowed to Rs 103.7 crore from Rs 219.7 crore a year earlier,” it said.
“Non-voice revenue growth along with cost control has helped OIBDA margins to improve further during the quarter,” said Sergey Savchenko, Chief Financial Officer of Sistema Shyam.

In the mean time, average revenue per user increased 2% to Rs 117, but minutes of usage fell by 3.7% sequentially to 401 during the quarter “due to seasonality”, the company said. The company’s debt for MTS at the end of September stood at Rs 3,671 crore. In addition, the Company’s data card subscriber base for the quarter increased by 6.3% to 1.5 million subscribers.

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7 Comments on "MTS Q3 revenue up 20%, data card subscriber base increased by 6.3%"

 

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Abrar
November 27, 2014 3:26 pm 3:26 PM

I have been an MTS data card customer since last one year. The speed always hovers between 3 to 7 Mbps which is quite decent compared to other broadband operators.
Moreover the network is also quite reliable when one move towards outskirts of the city.
The only problem faced so far is the manner in which their system calculate data usage. Sometimes when the modem reconnects after remaining idle or in case of power failure, a straight 100 MB might get deducted. I saw this in the log data mailed by one of their executives after raising a complaint.

Kavin
November 26, 2014 11:26 am 11:26 AM

Their data service is worst, I own mets past 3 years..no deduction..using lifetime local calls at 30p, std calls 50p offer with daily 100 minutes free mets to mts.. Without any rate cutter… This is the best in class.. Wish they introduce 1 to 2 years data valid packs.. However they got the worst network coverage.. Customer care service and call services are far better than air cel.. If they improve coverage they are best..

abhijith
November 26, 2014 8:36 am 8:36 AM

waste network … They are worst in Internet speed … I buyed mts power wifi initial offer 10gb went without any issues normally speed 2 mbps.. After that till yesterday I got below 512 kbps … chrap company … I buy it for my work and personal .. only for just browsing it is useful .. only bsnl is better than this

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