Idea reports 7 per cent year-on-year growth in net profits for quarter ended September 2015
Idea Cellular has reported a 7 per cent increase in its net profits from Rs 7.55 billion for the quarter ended September 2014 to Rs 8.09 billion for the quarter ended September 2015. The low rate of growth was on account of a significant increase in its interest and financing cost, which grew from Rs 1.44 billion to Rs 2.72 billion, during the same period.
Meanwhile, the company’s gross revenues increased by 14 per cent year-on-year from Rs 75.69 billion for the quarter ended September 2014 to Rs 86.89 billion for the quarter ended September 2015. Its EBIDTA margin also marginally improved from 32.9 per cent to 35.2 per cent, during the same period.
Idea’s total 3G subscriber base grew from 10.52 million in September 2014 to 19.58 million in September 2015. This was accompanied by an increase in 3G data average revenue per user (ARPU), from Rs 195 to Rs 202 during the same period. However the company’s voice ARPU declined from Rs 139 in September 2014 to Rs 126 in September 2015.
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