|
| Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Bullion ~ Forex ~ Sports ~ Technology ~ Health ~ Features |
| Panchang ~ Manmohan Singh ~ Sonia Gandhi ~ Sheila Dikshit ~ Stock Markets ~ Gossip |
| Home / India News / 2007 / July / July 24, 2007 Idea Cellular Limited: Consolidated Q1 Results; Revenue Rs 14,776 mn, EBITDA Rs 5,131 mn, PAT Rs. 3,085 mn |
Nagarjuna Finance Ltd Promoter and Director arrested
`We will not allow forces of terrorism to destabilise us, says Manmohan Singh
Horrid Mumbai type terror strikes harming Kashmir cause: US
Mickey Rourke in talks to play Russian villain in Iron Man 2
Satyam Computers clueless on whereabouts of Ramalinga Raju
Stephanie Rice finally puts partying to rest in favour of training
Mumbai, Maharashtra, India
Idea Cellular Limited (Idea) today announced its unaudited results (limited review) for the 1st quarter ended June 30, 2007.
Idea ended the quarter with a subscriber base of 16.13 mn, adding 2.12 mn subscribers during the quarter. The Company is awaiting allocation of spectrum to launch operations in the Mumbai and Bihar service areas. In its current 11 service areas of operation, Idea consolidated its subscriber market share from 14.9% at the end of March 07, to 15.4% at the end of June 07.
The consolidated revenues for the quarter ended June 30, 2007 of Rs. 14,776 mn grew by 64%, and EBITDA of Rs. 5,131 mn grew by 69%, on a year on year basis. The net profit for the quarter ended June 30, 2007 was Rs. 3,085 mn, a growth of 259% over the same quarter last year.
The consolidated revenues, EBITDA and PAT grew by 12%, 15% and 60% respectively when compared to the previous quarter ended March 07.
In its meeting of the Board of Directors held today, the Board approved the formation of a wholly owned subsidiary for possible transfer of passive infrastructure.
Note: Figures of past periods have been regrouped. Finance & Treasury charges represent Interest & Financing cost net of investment income and forex gains/losses. Investment income and forex gains for the quarter ended June 07 were Rs 788 mn, versus Rs 10 mn for the same period last year, and Rs 208 mn for the quarter ended March 07.
About Idea Cellular Ltd.
A leading GSM mobile services operator, Idea Cellular has licenses to operate in 13 service areas in India. With a customer base of over 16 million, Idea Cellular runs operations in Delhi, Himachal Pradesh, Rajasthan, Haryana, Uttar Pradesh (East), Uttar Pradesh (West) & Uttaranchal, Madhya Pradesh & Chattisgarh, Gujarat, Maharashtra & Goa, Andhra Pradesh and Kerala. With the planned expansion into Mumbai, Bihar & Jharkhand, Idea's footprint will cover nearly 70% of India's telephony potential. Idea is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India.
Idea Cellular is a part of the US $ 24 billion Aditya Birla Group, India's first truly multinational corporation. The group has a market cap in excess of US $ 24 billion, operates in over 20 countries, and is anchored by 100,000 employees belonging to 25 nationalities.
To view the press release along with the tables, please click on the link given below:
Press Release with tables
Source: Idea Cellular (Business Wire India)
Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.
