Videocon Telecom posts financial results for the quarter ended September 2015
Videocon Telecom has reported a 42 per cent decline in its net loss from Rs 813 million for the quarter ended September 2014 to Rs 470 million for the quarter ended September 2015. The operator has attributed this improved performance to high growth in sales and lowering of network operation cost.
The company has posted consolidated revenue growth of around 27 per cent from Rs 4.88 billion in the quarter ended September 2014 to Rs 6.21 billion in the corresponding period in 2015. Further, the operator has reported a 12 percent growth in its minutes of usage on a year-on-year basis.
The operator has also achieved a 29 per cent growth in its subscriber base during the period under consideration. In July and August 2015, the company reported a net addition of 313,000 subscribers.
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