Idea Q4 net up 29% at Rs 308 crore

Idea Q4 net up 29% at Rs 308 crore

Mobile operator Idea Cellular on Thursday reported jump of nearly 29 per cent in consolidated net profit at Rs 308.18 crore for the fourth quarter ended March 31, driven by growth in voice minutes and high data usage.

The company’s net profit stood at Rs 238.98 crore net profit in the same period last fiscal. Total revenues for the company during the January-March 2013 quarter rose by 12.88 per cent at Rs 6,061.38 crore from Rs 5,369.69 crore in the corresponding period last fiscal. For the year ended March 31, 2013, net profit of the company rose by 39.82 per cent at Rs 1,010.93 crore as compared to Rs 722.99 crore in the last year.

“The high revenue growth is led by sharp expansion of voice minutes at 8.5 per cent to 143.4 billion, on sequential quarterly basis, indicating consumer demand for mobile telephony is robust,” the company said. Idea’s net profit from international long distance grew to Rs 8.82 crore, from 5.86 crore. The active 3G subscriber base for the company stands at 5.1 million and average revenue per user for data stands at Rs 55, it added.

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