Just In
- 5 hrs ago Realme C65 5G India Launch Confirmed; Coming Under Rs 10,000
- 6 hrs ago Instax Mini 99 Review: Should this be your next Instant Camera?
- 6 hrs ago Samsung Is Offering Free Screen Replacement for Select Devices Affected by Green Line Issue
- 7 hrs ago Boat Storm Call 3 Smartwatch Launched With up to 7 Days Battery Life – Check Price, Specs
Don't Miss
- Sports Pakistan vs New Zealand: How Serious Is Mohammad Rizwan Injury? Is His T20 World Cup Spot at Risk?
- Education Ratan Tata's Social Endeavors Recognized With KISS Humanitarian Award
- Finance From Trent To HAL: Motilal Oswal Recommends 3 Stocks To Buy This Week
- News US White House Considers Immigration Relief For Spouses Of US Citizens: What You Need To Know
- Movies Salman Khan To Move To New Home After Firing Incident; To Start Shooting For Sikandar With Tight Security
- Lifestyle Hanuman Jayanti 2024: Wishes, Greetings, Messages, Images, Texts, SMS, Twitter Status And Instagram Captions
- Automobiles Top Tips – How To Charge Electric Scooters For Best Battery Life
- Travel Kurnool's Hidden Gems: A Guide To Exploring India's Lesser-Known Treasures
Idea Cellular Net profit up by 62.26 percent
Aditya Birla group-owned Idea Cellular on Tuesday said its consolidated net profit during 2014-15 soared by 62.26 percent at Rs.3,192.9 crore against Rs.1,967.8 crore for the previous year.
Its total consolidated revenue went up by 19.1 percent at Rs.31,570.9 crore against Rs.26,518.9 crore during 2013-14.
Recommended: Top 10 Alternatives to Xiaomi Mi4i in India
The company, in a statement, however, said that on account of the changes in the TRAI Interconnect (IUC) regulations effective March 1 this year, the results for January-March 2015 and fiscal year 2014-15 are "not comparable to earlier quarters and financial years".
"The gross revenue both for the quarter Q4 (January-March 2015) and for the fiscal year 2014-15 is negatively impacted by Rs.1,050 million, though the impact on EBITDA (earnings before interest, tax, depreciation and amortization) is minimal," the statement said.
On a standalone basis, the firm's revenue shot up by 19.1 percent at Rs.31,554.8 crore during the timeperiod under review compared to Rs.26,503.6 crore in the previous year.
Recommended: Probe TRAI for "exposing" IDs of net activists: Congress to Government
As per the declared results, "the voice rate realisation remained under pressure for the third successive (fiscal) quarter" which fell sharply during January-March 2015 by 7.1 percent to 33.9 paise per minute from 36.5 paise per minute but "the elasticity of demand compensated rate decline with 16.3 percent minute growth" in the last fiscal.
In the recently concluded March 2015 spectrum auctions, the company won 79.4 MHz of spectrum ensuring continuity of services for its 107.6 million customers in nine service areas.
"Besides retention of existing efficient 900 MHz spectrum, the company has also managed to expand its 3G spectrum footprint to a 13th service area -- Kolkata Metro -- with ability now to offer 3G services to 80 percent of revenue base," it said.
Additionally, the company has acquired spectrum and the ability to launch 4G services on 1800 MHz spectrum in service areas of Tamil Nadu and Orissa.
Source: IANS
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
14,999
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804
-
9,999
-
11,999
-
3,999