Media

Idea announces unaudited results for Q1 ended 30 June 2008

24th July, 2008

Click here for the results

  • Revenues of Rs. 21,781 million
  • EBITDA of Rs. 7,203 million
  • PAT of Rs. 2,631 million
Highlights
Q1 FY 09
Q1 FY 08
Q4 FY08
(Rs crore)
Total revenue
21,781
14,775
19,853
EBITDA
7,203
5,136
6,735
Finance and treasury charges (net)
1,526
149
1,206
Depreciation and amortisation
2,749
1,887
2,597
PBT
2,928
3,101
2,932
PAT
2,631
3,085
2,767
Net Adds ('000)
3,193
2,115
2,948

Idea Cellular Limited (Idea) today announced its unaudited results (limited review) for the first  quarter ended 30 June 2008.

Idea ended the quarter with a subscriber base of 27.19 million, adding 3.19 million subscribers during the period. In its current 11 service areas of operation, Idea consolidated its subscriber market share from 9.4 per cent at the end of March 2008, to 9.6 per cent at the end of June 2008.

The consolidated revenues for the quarter ended 30 June 2008 of Rs. 21,781 million grew by 47.4 per cent on a YoY basis and by 9.7 per cent on a QoQ basis. The EBITDA of Rs 7,203 million grew by 40.2 per cent on a YoY basis and by 6.9 per cent on a QoQ basis.

The net profit for the quarter ended 30 June 2008 was Rs. 2,631 million, down by 4.9 per cent compared to the quarter ended 31 March 2008. During this quarter, loss on account of foreign exchange fluctuation was Rs. 152 million against a gain of Rs. 329 million for the quarter ended 30 June 2007 and a loss of Rs. 27 million for the quarter ended 31 March 2008. EBITDA, PBT and PAT for the quarter ending 30 June 2008, were negatively impacted by Rs. 299 million due to the expiry of the period of 2 per cent concession in license fee for seven service areas.

 Note: Figures of past periods have been regrouped, wherever necessary. Finance and treasury charges represent interest and financing cost net of investment income and forex gains/losses.

About Idea Cellular Ltd.
A leading GSM mobile services operator, Idea Cellular has licenses to operate in all 22 service areas of India with commercial operations in 11 service areas. With a customer base of over 27 million, Idea Cellular runs operations in Delhi, Himachal Pradesh, Rajasthan, Haryana, Uttar Pradesh (East), Uttar Pradesh (West) & Uttaranchal, Madhya Pradesh & Chattisgarh, Gujarat, Maharashtra & Goa, Andhra Pradesh and Kerala.

Idea holds spectrum for Mumbai, Bihar, Orissa, Tamil Nadu (including Chennai) and Karnataka, and licenses for the remaining six service areas. With the planned launch of services in Mumbai, Bihar & Jharkhand, Orissa and Tamil Nadu (including Chennai), all before the end of the calendar year, and after the proposed amalgamation of Spice Communications (Punjab and Karnataka service areas), Idea's footprint will soon cover approximately 90per cent of India's telephony potential. Idea is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in India.

Idea Cellular is a part of the US $ 28 billion Aditya Birla Group, India's first truly multinational corporation. The Group has a market cap in excess of US $ 17 billion, operates in 20 countries, and is anchored by 100,000 employees belonging to 25 nationalities.