According to CNBC-TV18 poll estimates, analysts had expected the company to report net profit of Rs 630 crore on revenue of Rs 7,336 crore for the quarter. Consolidated revenue grew 7.34 percent to Rs 7,561 crore in the first quarter compared to Rs 7,043.8 crore in same quarter last year.
"The strong consumer demand & brand affinity, expanding network footprint & spectrum portfolio and steady cash flows from operations reaffirms Idea ability to deliver consistent, competitive, responsible and profitable growth," said the company in its filing. Operating performance was very strong with the operating profit growing 12.6 percent quarter-on-quarter to Rs 2,511 crore due to scale benefit, better cost management and robust voice & data growth.
Operating profit margin expanded 150 basis points to 33.2 percent in June quarter against 31.7 percent in previous quarter. Tax expenses shot up 53 percent Q-o-Q to Rs 393.66 crore in the quarter gone by. During the quarter, the company said it carried 165.2 billion minutes on its network (as against expectations of 162.4 billion), registering 12.2 percent Y-o-Y growth (5.16 percent Q-o-Q growth) and 32.5 billion megabytes of mobile data on its 2G and 3G platform, year-on-year growth of 136 percent, reaffirming strong consumer demand for brand Idea.
The higher voice rate realisation and jump in data contribution to 11.5 percent of sevice revenue helped improve average realisation per minute (ARPM) by 1.5 paise to 45.1 paise in Q1FY15 from 43.6 paise in Q4FY15. Average revenue per user (ARPU) improved to Rs 181 in June quarter as against Rs 173 in March quarter and minutes of usage increased to 401 minutes from 397 minutes on sequential basis.
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