Videocon Telecom has reported its consolidated Top line Revenue of Rs 344.5 Cr in Q4 2013-14, attaining an impressive 77% growth year on year.
The growth fueled by aggressive Customer acquisition where the Telco has been among the Top 3 players in the industry in Net Customer acquisitions for last 8 months. The Telco achieved an impressive 91% growth in its Subscriber base at 7 Mn Customer base.
The Telco has also been focusing on Unit level and Gross level profitability where the Telco has been able to deliver a 25% growth in GRPM (Gross rate per min), an impressive CAGR of 317% in Data Revenue. The Telco has over 38% of its total Subscriber base actively using data.
Arvind Bali, the Director and CEO of Videocon Telecom said,“We are the youngest Telco in the industry, and we aspire to become the fastest to break-even. We have had a good 2013-14 and have been able to grow our Top line Revenue by 77%. The numbers are looking up, Y-o-Y our MoU have grown by over 81%, Data business is up by an impressive 317% and now contributes to 7% of Gross Revenue with over 38% of our customers actively using data. Our Bottom line has improved by 24%.We will be investing over 1240 Cr in our existing 4 circles in FY 2014-15 primarily on Network expansion, IT infrastructure, Service platforms, and other technological advancements.”
The Telco is now aggressively chasing to attain Fair Revenue and Customer market share and become EBITDA positive in 2 out of its 4 operational circles, and achieve the distinction of being the fastest break even by any Telco ever.
The telco also talked about its Strategic outlook for FY 2014-15 and is targeting Consolidated Top line Revenue of Rs 2500 Cr in FY 2014-15. The Telco plans to invest over Rs 1240 Cr in its existing 4 Circles in Network & IT infrastructure and on other technological advancements.
