Mumbai, Maharashtra, India
Idea Cellular Limited (Idea) today announced its audited results for the fourth quarter and the financial year ended March 31, 2008.
Idea closed the year with a subscriber base of 24 mn, 71% over the previous year end, reflecting an improvement in the national market share from 8.6 % to 9.4 %.
Quarterly Performance
The consolidated revenues for the quarter ended March 31, 2008 of Rs.19853 mn grew by 16%, and EBITDA of Rs.6735 mn is up by 18%, on a quarter on quarter basis. The cash profit from operations of Rs.5505 mn rose by 12% over the quarter ended Dec'07. The net profit for the quarter ended March 31, 2008 was Rs.2767 mn, a growth of 17% over the previous quarter.
Annual Performance
The consolidated revenues & EBITDA for the financial year ended March 31, 2008 were Rs.67374 mn and Rs.22693 mn, up 54% & 53% respectively, vis-a-vis the previous year. The cash profit for the full year ended March 31, 2008 was 19841 mn, representing a 69% rise, while the net profit was Rs. 10423 mn, an increase of 108% over the previous year.
Note: Figures for past periods have been regrouped. Finance & Treasury charges represent Interest & Financing cost net of investment income and forex gains/losses.
About Idea Cellular Ltd.
A leading GSM mobile services operator, Idea Cellular has licenses to operate in all 22 service areas of India with commercial operations in 11 service areas. With a customer base of over 24 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, holds spectrum for Mumbai, Bihar & Tamilnadu (including Chennai), and licenses for the remaining 8 service areas. With the planned launch of services in Mumbai, Bihar & Jharkhand in Q3 and Tamilnadu (including Chennai) in Q4 of the calendar year, Idea's footprint will soon cover approximately 77% of Indian 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 $ 31.5 billion, operates in 20 countries, and is anchored by 100,000 employees belonging to 25 nationalities.
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Press Release
Source: Idea Cellular Ltd (Business Wire India)
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