Idea Cellular , the country's third largest telecom operator, reported 4.5 percent growth in net profit and 4.6 percent in revenues on sequential basis, missing analysts' expectations.
Year-on-year bottomline and topline grew 104.6 percent and 18.5 percent, respectively, driven by voice and data business. Profits included Rs 69.6 crore income from Indus Towers, wherein Idea holds 16 percent stake.
"The growing consumer demand and brand affinity, expanding infrastructure and strong cash flows reaffirms company ability to remain on course with its stated mission of consistent, competitive, responsible and profitable growth," the company said in its filing.
Quarter-on-quarter consolidated net profit increased to Rs 467.7 crore (from Rs 447.6 crore) on revenues of Rs 6,613 crore (from Rs 6,323.3 crore) in the quarter ended December 2013. Revenues included 16 percent contribution from Indus Towers.
According to CNBC-TV18 poll, analysts had expected the company to report net profit of Rs 516 crore on revenues of Rs 6,622 crore.
Consolidated earnings before interest, tax, depreciation and amortisation rose 4.3 percent to Rs 2,055.7 crore and operating profit margin declined 10 basis points sequentially to 31.1 percent as against analysts' forecast of Rs 2,088 crore and 31.53 percent, respectively.
Key point indicators
"The quality of Idea subscribers improved as average revenue per user (ARPU) increased to Rs 169 from Rs 164 Q-o-Q and Rs 158 Y-o-Y and subscriber churn fell by 1.2 percent to 5.6 percent compared to a year ago period," the company said in its filing.
Average revenue per minute rose to 44.9 paise from 44.7 paise quarter-on-quarter while minutes of usage climbed to 376 in the quarter gone by as against 368 in previous quarter.
Total minutes of usage jumped 4.1 percent sequentially to 144.5 billion during December quarter as against 138.8 billion in September quarter.
The company said consumer preference for brand Idea continued to rise as it added 1.8 crore incremental subscribers (on VLR) in calendar year 2013, now serving 129 million subscribers.
Value added services (VAS) contribution increased to 16.1 percent of service revenue from 14.6 percent year-on-year. It was despite steep fall in non data VAS service contribution from 8.9 percent to 6.6 percent during the same period.
The higher mobile data adoption has primarily led to value added services growth with data revenue as percentage of service revenues improving by 3.8 percent to 9.5 percent in last one year.
Cash profit of the company remained healthy at Rs 1,743.5 crore in Q3FY14, a growth of 7.9 percent compare to Rs 1,616.4 crore in earlier quarter.
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