April 25, 2024 20:39 (IST)
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Idea registers Rs. 5,157 million revenue growth in 1st quarter
Mumbai, July 21 (IBNS): Indian Mobile operator Idea on Monday said that it has garnered a revenue growth of Rs. 5,157 million in a quarter, helping the company reach 30% EBITDA margin.
Continuing its upward trajectory, the company achieved 7.3% sequential quarterly revenue growth, on the back of 6.5% growth in Q4FY14.
This quarter Idea delivered balanced growth with sequential quarterly voice minutes expansion by 5.2% and ‘Average Realisation per Minute’ (ARPM) improvement of 3.3%, the company said in a statement.
"During the quarter, the company carried 165.2 billion minutes on its network, registering 12.2% YoY growth and 32.5 billion Megabytes of Mobile Data on its 2G+3G platform, YoY growth of 136%, reaffirming strong consumer demand for brand Idea," the statement said.
The higher voice rate realization and jump in Data contribution to 11.5% of service revenue helped improve ‘Average Realisation per Minute’ (ARPM) by 1.5 paisa from 43.6p in 4FY14 to 45.1p in Q1FY15. The Value Added Services (VAS) contribution has improved sharply to 17.8% of overall service revenue, Idea noted.
The standalone EBITDA at Rs. 22,664 million grew faster by 14% on QoQ basis due to multiple drivers including scale benefit, better cost management and robust voice & data growth.
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