Oct 29, 2012, 03.33 PM | Source: CNBC-TV18
Telecom operator Idea Cellular's net profit grew by 2.5 percent quarter-on-quarter to Rs 240 crore in the quarter ended September 2012, which was higher than expectations of Rs 228 crore.
Telecom operator Idea Cellular 's net profit grew by 2.5 percent quarter-on-quarter to Rs 240 crore in the quarter ended September 2012, which was higher than expectations of Rs 228 crore.
The fall in interest outgo helped the company improve its profitability. Interest cost declined 26.7 percent YoY and 19 percent QoQ to Rs 216 crore during the quarter.
Net sales fell a higher than expected 3.6% QoQ to Rs 5,306.8 crore during the quarter due to decline in subscriber base and lower average revenue per user (ARPU). Analysts on an average has forecast of Rs 5,430 crore.
ARPU went down by 5.1 percent QoQ to Rs 148, which was below expectations of Rs 151.5.
Earnings before interest, tax, depreciation and amortisation (EBITDA) declined marginally to Rs 1,422.5 crore from Rs 1,435.6 crore during the same period. But EBITDA Margin rose by 70 basis points to 26.8 percent versus 26.1 percent QoQ while analysts had expected it at 26.08 percent.
Average realisation per minute too improved to 41.3 paise in the second quarter of FY13 as against 41.2 paise in the previous quarter, which too was better-than-expectations of 41.1 paise.
Credit Suisse is cautious that while any consolida
Suresh Mahadevan, Managing Director - Head of A
Tikona Digital Networks' Rs 267-crore proposal to
India's No 3 mobile phone carrier, Idea Cellular,