Mumbai, April 28: Telecom operator Idea Cellular today reported an over 91 per cent jump in consolidated net profit at Rs 589.77 crore for the fourth quarter ended March 2014 on the back of an expansion in both voice and mobile data volume. Profit after tax stood at Rs 308.18 crore for the same period a year ago.
Consolidated revenue during the January-March quarter rose 16.2 per cent to Rs 7,043.82 crore from Rs 6,061.38 crore in the year-ago period.
On a sequential basis, revenue grew 6.5 per cent from Rs 6,613.06 crore in the third quarter. “The 6.5 per cent sequential revenue growth in the fourth quarter of 2013-14 is driven by a sharp expansion of voice minutes at the rate of 8.6 per cent to 157.1 billion minutes. Mobile data volume (2G+3G) grew 31 per cent to 27.3 billion megabytes over the third quarter,” Idea Cellular said in a statement.
On a yearly basis, consolidated net profit jumped 94.65 per cent to Rs 1,967.82 crore in 2013-14 from Rs 1,010.93 crore in 2012-13. The consolidated revenue increased over 18 per cent to Rs 26,518.91 crore for the 2013-14 fiscal compared with Rs 22,457.65 in the previous fiscal.
The company had 1.77 crore net subscribers, who were active, in 2013-14 against 1.49 crore net subscribers in the previous fiscal. Total subscribers stood at 13.79 crore by the end of March 31, 2014.
The average revenue of the company from subscribers increased to Rs 173 from Rs 169 on a quarterly basis.
The company witnessed a decline of 2.8 per cent in average revenue per minute to 43.6 paise from 44.9 paise. However, the company improved the “non-voice revenue” share to 16.5 per cent from 16.1 per cent in the third quarter, led by data (mobile Internet) growth.
Idea Cellular shares closed at Rs 140.75 apiece, up 0.18 per cent, on the BSE today.