In line with the company’s long-term mission of consistent, competitive, responsible and profitable growth, Idea has announced its unaudited results for the first quarter ended June 20, 2013. The report has revealed revenue growth of 18% YoY. The quarterly revenue growth is 7.2% in Q1 FY14 on the back of 8.6% QoQ growth in Q4 FY13. The company has strengthened its “Revenue Market Share” position by 0.9% to 15.7% in Q4 FY13 over Q3 FY13, as per the latest TRAI report.
In Q1 FY2014, the Voice minutes expanded by 12.5% on a YoY basis to 147.3 billion supported by net annual new customer addition of 7.8 million, cumulative subscriber base reaching 125 million as on 30th June, 2013.
In Q1 FY14, Idea achieved the highest “Mobile Data” adoption with incremental annual data customer addition of 12.6 million, as EoP of Data subscribers swell to 30.9 million. The data volume growth exploded at 92.2% to 13.8 billion megabytes usages in Q1 FY14 on a YoY basis.
The company remained focussed on better cost management and the VAS contribution increased to 16% further improving the overall ARPM.
The YoY margin of EBITDA improved at 4.9% and the EBITDA margin was 28.2%.
The company’s Net Debt reduced from Rs.115,881 million in Q4 FY13 to Rs.102,199 million in the Q1 FY14. Net Debt to Annualized EBITDA level now is at an enviable 1.39, by far the lowest in the industry.
Idea consolidated revenue, including 16% Indus contribution has grown by 18.8% and consolidated EBITDA by 44.6% on a YoY basis to Rs.20,763 million in Q1 FY14.
