Idea Cellular has recently revealed the un-audited results for the First Quarter (Q1) ended June 30, 2012
Due to introduction of ‘Telecom Consumer Protection Regulation’ by TRAI w.e.f. March 22, 2012 and grim market battle for supremacy, Idea’s strong revenue performance of last two quarters has slowed down on sequential quarterly basis to only 2.5% revenue growth. The above is primarily due to slide in ‘Average Realisation Per Minute’ (ARPM) by 2.3% to 41.2p in comparison to 42.2p in Q4FY12, suggesting the industry growth is likely to be muted in the first half of this financial year. The annual revenue growth for the company is 21.6% on standalone basis (Q1FY13 vs Q1FY12).
The long term business outlook for the company remains positive, with growing consumer affinity for brand Idea, now serving 117 million subscribers. The minutes’ growth is stable @5.3% generating 131 billion minutes compared to 124 billion minutes in Q4FY12, strengthening Idea’s minutes’ market share. This volume expansion was supported by 3.1 million VLR subscriber additions during the quarter.
Over the last one year, the absolute EBITDA for the company on a standalone basis has grown by 20.8% to Rs. 12,889 million from Rs. 10,666 million in Q1FY12.
Overall, the above has translated in standalone PAT at Rs. 1,981 million for the quarter, almost flat compared to last quarter PAT of Rs. 2,016 million. Further, the company is pleased to report that it has strengthened its competitive standing to 15% Revenue Market Share (RMS) in Q4FY12, an astounding improvement of 1.4% during last one year.
