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PRESS
RELEASE
24
April 2008
Idea
Cellular announces audited results for Q4 and full year ended
31 March 2008
- Consolidated
annual revenue at Rs. 67374 million
- EBITDA
of Rs. 22693 million
- PAT
of Rs. 10,423 million
Highlights
| (figures
in brackets represent growth over same period last year) |
| Rs.
million |
Q4 FY08
|
FY2007-08
|
| Total
revenues |
19,853
(50%)
|
67,374
(54%)
|
| EBITDA |
6,735 (50%)
|
22,693 ( 53%)
|
| Finance
and treasury charges (net) |
1,206 (57%)
|
2,776 (-09%)
|
| Depreciation
and amortisation |
2,597 (47%)
|
8,768 ( 31%)
|
| Cash
profit |
5,505 (49%)
|
19,841
( 69%)
|
| PAT |
2,767 (44%)
|
10,423
(108%)
|
| Net
adds ('000) |
2,948 (88%)
|
9,991 (50%)
|
Idea Cellular
Limited (Idea) today announced its audited results for the
fourth quarter and the financial year ended 31 March 2008.
Idea closed
the year with a subscriber base of 24 million, 71 per cent
over the previous year end, reflecting an improvement in the
national market share from 8.6 per cent to 9.4 per cent.
Quarterly
performance
The consolidated revenues for the quarter ended 31 March 2008
of Rs. 19,853 million grew by 16 per cent, and EBITDA of Rs.
6,735 million is up by 18 per cent, on a quarter on quarter
basis. The cash profit from operations of Rs.5505 million
rose by 12 per cent over the quarter ended December 2007.
The net profit for the quarter ended 31 March 2008 was Rs.
2767 million, a growth of 17 per cent over the previous quarter.
Annual
performance
The
consolidated revenues and EBITDA for the financial year ended
31 March 2008 were Rs. 67,374 million and Rs.2,2693 million,
up 54 per cent and 53 per cent respectively, vis-à-vis
the previous year. The cash profit for the full year ended
31 March 2008 was Rs. 19,841 million, representing a 69 per
cent rise, while the net profit was Rs.10,423 million, an
increase of 108 per cent over the previous year.
Note:
Figures for past periods have been regrouped. Finance and
treasury charges represent interest and 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
eight 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 per cent 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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