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PRESS
RELEASE
19
January 2008
Idea
announces un-audited results for Q3 and nine months ended
31 December 2007
- Revenues
of Rs.17,103 million
- EBITDA
of Rs. 5,694 million
- PAT
of Rs. 2,368 million
Highlights
| (figures
in brackets represent growth over same period last year) |
| Rs.
million |
Q3 FY08
|
YTD
FY08
|
YTD(YoY)
|
FY07
|
| Total
revenue |
17,103
|
47,522
|
(55%)
|
43,873
|
| EBITDA |
5,694
|
15,958
|
(54%)
|
14,862
|
| Finance
and treasury charges (net) |
782
|
1,571
|
(-31%)
|
3,051
|
| Depreciation
and amortisation |
2,277
|
6,171
|
(24%)
|
6,718
|
| PBT |
2,635
|
8,216
|
(162%)
|
5,093
|
| PAT |
2,368
|
7,656
|
(147%)
|
5,022
|
| Net
adds ('000) |
2,382
|
7,043
|
(39%)
|
6,645
|
Idea Cellular
Limited (Idea) today announced its unaudited results (limited
review) for the third quarter and nine months ended 31 December
2007.
Idea ended
the quarter with a subscriber base of 21.05 million, adding
2.38 million subscribers during the quarter. In its current
11 service areas of operation, Idea increased its subscriber
market share from 15.6 per cent at the end of September 2007,
to 15.8 per cent at the end of December 2007.
The consolidated
revenues for the quarter ended 31 December 2007 of Rs. 17103
million grew by 48 per cent, and EBITDA of Rs. 5694 million
grew by 51 per cent, on a year on year basis. The net profit
for the quarter ended 31 December 2007 was Rs. 2368 million,
a growth of 108 per cent over the same quarter last year.
The consolidated
revenues grew by 9.3 per cent when compared to the previous
quarter ended 30 September 2007, while EBITDA grew by 11 per
cent.
The company
has recently received the spectrum to launch operations in
the Mumbai and Bihar service areas in addition to receipt
of spectrum in the remaining districts in Rajasthan and Uttar
Pradesh (East).
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 13 service areas in India. With a customer
base of over 21 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. With the planned expansion into Mumbai,
Bihar and Jharkhand, Idea's footprint will cover nearly 70
per cent of India's 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 billion, operates in over 20 countries,
and is anchored by 100,000 employees belonging to 25 nationalities.
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