LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Idea Cellular Q4FY18 key takeaways: The financial performance in brief

Idea Cellular consolidated net loss widens to Rs 962.2 crore in Q4FY18, compared to net loss of Rs 327.7 crore in the corresponding period of the previous year. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Idea Cellular Q4FY18 key takeaways: The financial performance in brief
An advertisement of Idea Cellular. Photo: Youtube
Written By: ZeeBiz WebTeam
Updated: Sat, Apr 28, 2018
04:23 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Current tariffs are defeating economics; it should go up: Balesh Sharma, Vodafone Idea Current tariffs are defeating economics; it should go up: Balesh Sharma, Vodafone Idea
Idea Cellular unveils new Rs 159 prepaid pack, offers 1GB data daily; Is it better than RJio, Vodafone, Airtel Idea Cellular unveils new Rs 159 prepaid pack, offers 1GB data daily; Is it better than RJio, Vodafone, Airtel
Situation bad, whole industry is bleeding: Vodafone Idea officer Situation bad, whole industry is bleeding: Vodafone Idea officer
BSNL unveils new Rs 78 recharge pack, beats even Reliance Jio; check this pre-Durga Puja, Dussehra, Diwali offer BSNL unveils new Rs 78 recharge pack, beats even Reliance Jio; check this pre-Durga Puja, Dussehra, Diwali offer
Tariff War! BSNL takes on Reliance Jio with this new recharge pack ahead of festive season; check data, price and unlimited call offers Tariff War! BSNL takes on Reliance Jio with this new recharge pack ahead of festive season; check data, price and unlimited call offers

Idea Cellular consolidated net loss widens to Rs 962.2 crore in Q4FY18, compared to net loss of Rs 327.7 crore in the corresponding period of the previous year. However, the Q4FY18 net loss narrowed from loss of Rs 1,284.5 crore of the preceding quarter. Meantime, consolidated revenue came in at Rs 6,137.3 crore in Q4FY18, declining by 24.47% from Rs 8,126.1 crore in Q4FY17 and also down by 5.72% versus Rs 6,509.60 crore in Q3FY18. 

Here are Idea Cellular Q4FY18 financial performance key takeaways: 

During FY18, Idea continued aggressive expansion of its wireless broadband infrastructure, adding 44,856 broadband sites (3G+4G) during the year. The broadband sites increased from 110,054 as on March 2017 to 154,910 sites as on March 2018 taking the overall network footprint on EoP to 286,356 sites. 

The wireless broadband population under coverage now expands beyond 650 million Indian spread across 164,000 towns and villages in 22 service areas. 

The overall capex spend for the year was Rs 70 billion, majority of which was utilized for 4G expansion. The company’s gross investment in fixed assets has risen by nearly Rs 1,255 billion.

The explosion in voice volumes driven by higher adoption of unlimited bundled plans has led to Idea’s highest ever sequential quarterly voice minutes growth at 16.9% in FY18 (on the back of 10.8% growth in Q3FY18). Sharp increase in volumes led to voice rate fall by 20% to 13.4 paisa per minute vs 16.8 paisa in Q3FY18. 

Mobile data volume continued to witness robust sequential quarterly growth of 43.2% vs 30.2% in Q3FY18 as Idea’s pan India mobile data network carried 818 billion MB of data this quarter. However, the mobile data rate declined to 1.4 paisa per MB down by 31.4% vs 2.0 paisa per MB in Q3FY18. 

Overall subscriber momentum remained strong with 6 million net adds on EoP in Q4FY18. But the blended overall customer ARPU downgraded from Rs 114 in Q3FY18 to Rs 105 in Q4FY18 due to enhanced competitive intensity. 

Merger of Idea and Vodafone is in the final leg regulatory approvals and is expected to be completed in H1CY18. The proposed new leadership team of merged entity was announced on March 22, 2018. 

In a meeting held on April 28, Idea allotted 97,416 Equity Shares of Rs.10/- each to the Option/RSU's Grantees, pursuant to the exercise of Stock Options/RSU's granted under the Company's Employee Stock Option Scheme 2006 (ESOS-2006) and Employee Stock Option Scheme 2013 (ESOS-2013).

The Equity Share Capital of the Company stands increased to Rs. 43,59,41,83,460/- comprising of 4,35,94, 18,346 equity shares of face value of Rs.10/- each. 
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Idea CellularReliance Jio
RELATED NEWS
Current tariffs are defeating economics; it should go up: Balesh Sharma, Vodafone Idea Current tariffs are defeating economics; it should go up: Balesh Sharma, Vodafone Idea
Idea Cellular unveils new Rs 159 prepaid pack, offers 1GB data daily; Is it better than RJio, Vodafone, Airtel Idea Cellular unveils new Rs 159 prepaid pack, offers 1GB data daily; Is it better than RJio, Vodafone, Airtel
Situation bad, whole industry is bleeding: Vodafone Idea officer Situation bad, whole industry is bleeding: Vodafone Idea officer
BSNL unveils new Rs 78 recharge pack, beats even Reliance Jio; check this pre-Durga Puja, Dussehra, Diwali offer BSNL unveils new Rs 78 recharge pack, beats even Reliance Jio; check this pre-Durga Puja, Dussehra, Diwali offer
Tariff War! BSNL takes on Reliance Jio with this new recharge pack ahead of festive season; check data, price and unlimited call offers Tariff War! BSNL takes on Reliance Jio with this new recharge pack ahead of festive season; check data, price and unlimited call offers

LATEST NEWS

Scrappage Policy: BIG announcement by Nitin Gadkari on new vehicle purchase

Exclusive: IMG to be held soon on expediting the process of Balmer Lawrie disinvestment

Infosys, HCL Tech are top stock picks of HDFC Securities I Key highlights for Investors

CPC News: Confirmed! Big pay commission salary hike from July 1 for these government employees

Craftsman Automation IPO: Offer opening and closing date, share price band, lot size, minimum bid and more

7th Pay Commission latest news today: MASSIVE DA, DR relief for central government employees! 18-month arrears to be given in 1 go before Holi?

PUBG Mobile India: Will the Battle Royale game make a comeback? Good news, bad news? Check latest report

Following Rakesh Jhunjhunwala portfolio? This is the share to buy today, say experts

Yes Bank Share price today - Investec cuts target price to Rs 19

Motorola launches Moto G10 Power, Moto G30 with quad rear cameras in India: Check price, specs and more!

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved