Idea Cellular cons Q1 revenue of Rs 21781mn

Idea Cellular Limited (Idea) today announced its unaudited results (limited review) for the 1^st quarter ended June 30, 2008.

Idea ended the quarter with a subscriber base of 27.19 mn, adding 3.19 mn subscribers during the period. In its current 11 service areas of operation, Idea consolidated its subscriber market share from 9.4 % at the end of March 08, to 9.6 % at the end of June 08.

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

The net profit for the quarter ended June 30, 2008 was Rs. 2,631 mn, down by 4.9% compared to the quarter ended March 31, 2008. During this quarter, loss on account of foreign exchange fluctuation was Rs. 152 mn against a gain of Rs. 329 mn for the quarter ended June 30, 2007 and a loss of Rs. 27 mn for the quarter ended March 31, 2008. EBITDA, PBT and PAT for the quarter ending June 30, 2008, were negatively impacted by Rs. 299 mn due to the expiry of the period of 2% concession in license fee for 7 service areas.

 Note: Figures of past periods have been regrouped, wherever necessary. Finance & Treasury charges represent Interest & Financing cost net of investment income and forex gains/losses. 

Highlights Rs mn

                                    Q1 FY 09          Q1 FY 08        Q4 FY08

• Total Revenue           21,781           14,775           19,853
• EBITDA                     7,203             5,136            6,735
• Fin & Treasury Charges 1,526            149             1,206
• (net)
• Depreciation & Amortization 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