Idea Cellular, on Thursday, reported a net profit of Rs.462.70 crore in the first quarter ended June 30, 2013 on stout robust voice, mobile data revenue

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YoY standalone revenue grew 18% (Q1FY14 vs Q1FY13). Its sequential standalone quarterly revenue grew 7.2% in Q1FY14 on the back of 8.6% QoQ growth in Q4FY13. Its ‘Revenue Market Share’ position by 0.9% to 15.7% in Q4FY13 over Q3FY13 as per latest TRAI report.
 
It said that it now covering over 300,000 villages and offering the worlds’ lowest voice and data tariffs for bottom of pyramid customers. Profitable with robust YoY standalone EBITDA growth of 43%.
 
The multiple drivers of this sharp profitable growth have been robust ‘Voice’ & ‘Mobile Data’ revenue coupled with scale benefits and better cost management.
 
Idea said that the Voice minutes expanded by 12.5% on YoY basis to 147.3 billion in Q1FY14 supported by net annual new customer addition of 7.8 million, cumulative subscriber base reaching 125 million as on 30th June 2013.
 
The Q1FY14 also has the highest ‘Mobile Data’ adoption with incremental annual data customer addition of 12.6million, as EoP of Data subscribers swell to 30.9 million. The data volume growth exploded @ 92.2% to 13.8 billion
 
The ‘Interest & Finance Cost (net)’ was lower by Rs. 95 million, even after accounting for foreign currency exchange rateloss of Rs. 230 million. Company’s Net Debt reduced from Rs. 115,881 million in Q4FY13 to Rs. 102,199 million inQ1FY14. Net Debt to Annualised EBITDA level now is at an enviable 1.39, by far lowest in the industry.
 
The standalone PAT with double bottom line drivers of “Voice and Data” improved by 143.8% on YoY basis to Rs. 4,829million in Q1FY14, including boost from Indus dividend of Rs. 838 million. The company generated healthy Cash Profit of

Rs. 17,438 million, a growth of 66% over Q1FY13 further strengthening Idea’s Balance Sheet.
 
Idea consolidated revenue including 16% Indus contribution has grown by 18.8% and consolidated EBITDA by 44.6% onYoY basis to Rs. 20,763 million in Q1FY14.

Idea with consistent network Investment, market place agility, Customer centricity & emphasis on building World ClassIndian brand remains on course for performance driven leadership in the mobile business.