Idea Cellular announces audited results for Q4 and full year ended 31 March 2008

24th April, 2008

  • Consolidated annual revenue at Rs. 67374 million
  • EBITDA of Rs. 22693 million
  • PAT of Rs. 10,423 million
(figures in brackets represent growth over same period last year)
Rs. million
Q4 FY08
Total revenues
19,853 (50%)
67,374 (54%)
6,735 (50%)
22,693 ( 53%)
Finance and treasury charges (net)
1,206 (57%)
2,776 (-09%)
Depreciation and amortisation
2,597 (47%)
8,768 ( 31%)
Cash profit
5,505 (49%)
19,841 ( 69%)
2,767 (44%)
10,423 (108%)
Net adds ('000)
2,948 (88%)
9,991 (50%)

Idea Cellular Limited (Idea) today announced its audited results for the fourth quarter and the financial year ended 31 March 2008.

Idea closed the year with a subscriber base of 24 million, 71 per cent over the previous year end, reflecting an improvement in the national market share from 8.6 per cent to 9.4 per cent.

Quarterly performance
The consolidated revenues for the quarter ended 31 March 2008 of Rs. 19,853 million grew by 16 per cent, and EBITDA of Rs. 6,735 million is up by 18 per cent, on a quarter on quarter basis. The cash profit from operations of Rs.5505 million rose by 12 per cent over the quarter ended December 2007. The net profit for the quarter ended 31 March 2008 was Rs. 2767 million, a growth of 17 per cent over the previous quarter.

Annual performance
The consolidated revenues and EBITDA for the financial year ended 31 March 2008 were Rs. 67,374 million and Rs.2,2693 million, up 54 per cent and 53 per cent respectively, vis-a-vis the previous year. The cash profit for the full year ended 31 March 2008 was Rs. 19,841 million, representing a 69 per cent rise, while the net profit was Rs.10,423 million, an increase of 108 per cent over the previous year.

Note: Figures for past periods have been regrouped. 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 24 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, holds spectrum for Mumbai, Bihar & Tamilnadu (including Chennai), and licenses for the remaining eight service areas. With the planned launch of services in Mumbai, Bihar & Jharkhand in Q3 and Tamilnadu (including Chennai) in Q4 of the calendar year, Idea's footprint will soon cover approximately 77 per cent of Indian telephony potential. Idea is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India.

Idea Cellular is a part of the US$ 24 billion Aditya Birla Group, India's first truly multinational corporation. The Group has a market cap in excess of US$ 31.5 billion, operates in 20 countries, and is anchored by 100,000 employees belonging to 25 nationalities.