Monday, January 24, 2011

Q3 Group Profit of Rs.243.05 Cr - Idea Cellular

Ideacellular-012411.jpg(RTTNews) - Idea Cellular Ltd., a part of the $24-billion Aditya Birla Group and India's leading GSM mobile services operator, reported net profit and revenues for the third-quarter.
Consolidated Results
The Gandhi Nagar-based company posted a third-quarter consolidated net profit of Rs.243.05 crore or Re.0.74 per share, while it was Rs.170.11 crore or Re.0.55 per share in the third-quarter of 2009.
The company said results for the current quarter and nine months were not comparable with that of corresponding period, due to the merger of Spice Communications Ltd. effective March last year, prior to which it was joint venture.
Total quarterly revenue, including other operating income, amounted to Rs.3,955.61 crore, whereas the company posted Rs.3,149.47 crore in the corresponding quarter last year.
For the nine months, the company's consolidated net profit was Rs.624.19 crore, while it was Rs.687.33 crore a year ago. Total revenue, including other operating income, amounted to Rs.11,268.50 crore, whereas the company reported Rs.9,099.28 crore for the Apr-Dec 2009 period.
Stand-alone Results
The company posted a third-quarter stand-alone net profit of Rs.221.06 crore, while it reported Rs.210.14 crore in the prior-year quarter. Total revenue, including other operating income totaled Rs.3,929.05 crore, while it was Rs.2,999.06 crore in the year-ago quarter.
Net revenue for the quarter from 'Established Service Area' was Rs.3,594.10 crore, while that of 'New Service Areas' amounted to Rs.396 crore.

The company added 7.6 million subscribers during the quarter, taking the total subscriber base to 81.8 million as at the end of December 2010.
Average revenue per user per subscriber was Rs.168, down 16 per cent from Rs.200 in the prior-year quarter, while average realized rate per minute declined 20 per cent to Re.0.41 from Re.0.51 in the year-ago quarter.
For the Apr-Dec period, the company's net profit was Rs.588.68 crore, while it was Rs.791.16 crore for Apr-Dec period last year. Total revenue, including operating income, grew 20 per cent to Rs.11,187.58 crore, whereas it posted Rs.8,656.18 crore in the corresponding period a year-ago.
The company said preparatory work for 3G roll-out was on track, and it would launch in the next few months 3G services in the 11 service areas, where it had won the 3G spectrum. It was also finalizing long-term arrangements with select quality operators for service areas, where Idea was not awarded 3G spectrum.
At the BSE, Idea Cellular closed Monday's trading at Rs.69.30, up by Re.0.70 or 1.02 per cent on a volume of 293,000 shares.

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