Mumbai: Telecom major, Idea Cellular, posted
a net profit of Rs 195.3-crore on a stand-alone basis in Q3 FY
10.
The figures are not comparable to the corresponding
period last year as the company rolled out operations in seven
new areas in the first nine-months of this fiscal.
Also, earnings from Spice were not included in the same
quarter last year.
The Aditya Birla group company's revenue stood at Rs
3,061-crore on a stand-alone basis in the third-quarter.
On a consolidated basis, Idea Cellular's net profit was
Rs 170.1-crore in the third-quarter ended December 09 as
compared to Rs 219.45-crore in the corresponding quarter last
year.
During the period, the revenue of the company was Rs
3,149.5-crore on a consolidated basis in Q3 FY 10 as against
Rs 2,730-crore in the year-ago period.
Idea's average realised rate (ARR) per minute in Q3 FY 10
came down by 10 per cent to 51 paise as compared to 56 paise
in Q2 FY 10, Idea Cellular's Managing Director, Sanjiv Aga,
told reporters here today.
In the quarter, the company also had an one-off ESOP
repricing hit of Rs 18-crore, he said.
Aga also said the company had enough funds for the 3G
auction, adding that presently its net debt was Rs
3,700-crore.
"We had a EBITDA loss of Rs 200-crore in the first
nine-months of FY 10 as we rolled out services in seven new
areas and the average realised rate per minute was also eroded
by 15 per cent in the period," Aga said.
"We were subjected to double stress in the first nine-
months but we have withstood it and have shown resilience," he
said.
Idea had a capex plan of Rs 4,500-crore which it has now
cut down to around Rs 4,000-crore, he said, adding around Rs
2,750-crore of this has been expended so far.
The capex has been trimmed because the company
anticipated certain anticipated minutes of usage but fell way
short of it and also to some extent, the original capex was
also based on unnegotiated prices, he said.
PTI
First Published: Friday, January 22, 2010, 00:09