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Idea announces unaudited results for Q2 and half year ended 30 September 2007

25th October, 2007

  • Revenues of Rs.15,643 million
  • EBITDA of Rs.5,128 million
  • PAT of Rs.2,203 million
    Highlights
    (figures in brackets represent growth over same period last year)
    Rs. million
    Q2 FY08
    H1 FY 08
    H1 (YoY)
    FY07
    Total revenue
    15,643
    30,419
    (59%)
    43,873
    EBITDA
    5,128
    10,264
    (55%)
    14,862
    Finance and treasury charges (net)
    641
    789
    (-47%)
    3,051
    Depreciation and amortisation
    2,007
    3,894
    (23%)
    6,718
    PBT
    2,480
    5,581
    (183%)
    5,093
    PAT
    2,203
    5,289
    (170%)
    5,022
    Net adds ('000)
    2,546
    4,661
    (56%)
    6,645

    Idea Cellular Limited (Idea) today announced its unaudited results (limited review) for the second quarter and half year ended 30 September 2007.

    Idea ended the quarter with a subscriber base of 18.67 million, adding 2.55 million subscribers during the quarter. The company is awaiting allocation of spectrum to launch operations in the Mumbai and Bihar service areas. In its current 11 service areas of operation, Idea increased its subscriber market share from 15.4 per cent at the end of June 2007, to 15.6 per cent at the end of September 2007.

    The consolidated revenues for the quarter ended 30 September 2007 of Rs. 15,643 million grew by 54 per cent, and EBITDA of Rs. 5,128 million grew by 43 per cent, on a year on year basis. The net profit for the quarter ended 30 September 2007 was Rs 2203 million, a growth of 100 per cent over the same quarter last year.

    The consolidated revenues grew by 6 per cent when compared to the previous quarter ended June 2007, while EBITDA was roughly unchanged.

    Note: Figures for past periods have been regrouped. Finance and treasury charges represent interest & 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 13 service areas in India. With a customer base of over 18 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. With the planned expansion into Mumbai, Bihar & Jharkhand, Idea's footprint will cover nearly 70 per cent of India's 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$ 34 billion, operates in over 20 countries, and is anchored by 100,000 employees belonging to 25 nationalities.