Telecom operator Idea Cellular yesterday reported a consolidated profit after tax of Rs 941.77 crore for the fourth quarter ended March 31, 2015. Also Read - Reliance Jio tops 4G download speed in January while Vodafone leads in upload speed: TRAI
The company had posted a profit after tax of Rs 589.77 crore in the same period a year ago. Total revenue of the company in the reported quarter stood at Rs 8,422.51 crore as against Rs 7,043.82 crore in the corresponding period a year ago. Idea said the results for this quarter and financial year 2014-15 are not comparable to earlier quarters and financial years due to the changes in the network interconnection rule issued by TRAI Interconnect with effect from March 1, 2015. Also Read - Vodafone might exit Indian market over high taxes and recent court ruling
“The gross revenue both for the fourth quarter of financial year 2015 and for financial year 2015 is negatively impacted by about Rs 1,050 million, though the impact on EBITDA is minimal,” the company said in a statement. The company reported increase in average revenue per user to Rs 179 in the reported quarter compared to Rs 173 in corresponding quarter of financial year 2014. Idea said its customers made average phone calls of 400 minutes in January-March 2015 period compared to 397 minutes a year ago. Also Read - Vodafone drops free Amazon Prime membership with Rs 399 postpaid plan: A look at alternatives
The company noticed decline in revenue from a minute to call to to 33.9 paise in the reported quarter from 36.5 paise in corresponding period but said that the elasticity of demand compensated rate decline with 16.3 per cent minute growth on yearly basis. The company said that faster growth in mobile data business compensated the voice rate decline and consequently the ‘Average Realisation Per Minute’ (ARPM) improved by 2.7 per cent to 44.8 paise per minute in the reported quarter from 43.6 paise per minute in year ago period . For the year ended March 31, 2015, Idea Cellular posted consolidated profit after tax (PAT) of Rs 3,192.91 crore against a PAT of Rs 1,967.82 crore in 2013-14.
Total revenue for year ended March 31, 2015 stood at Rs 31,570.89 crore as against Rs 26,518.91 crore in 2013-14.
“Idea continues its enviable track record of being amongst the fastest growing large Indian mobile operators with 19.1 per cent growth in gross revenue in financial year 2015 at Rs 3,15,548 million, nearly 1.8 times the wireless industry revenue growth rate (calendar year 2014),” the company said.
Idea revised its mobile data subscriber definition by eliminating all incidental data users of less than 10 megabytes per month from its reporting. .