Net Profit Slumps; Not an Idea Sir ji
DSIJ Intelligence / 29 Apr 2016
On a (YoY) basis the firm has reported a Net loss of around Rs 3079.93 crores as compared to Rs 3192.91 crores. As compared to the previous year, Net loss has reduced by 4 per cent.
Idea Cellular Ltd. has announced its Q4FY16 results. Idea's Net income from operations has increased by 5 per cent and stands at Rs 9483.25 crores as compared to Rs 9009.69 crores for the previous quarter. EBITDA has seen an increase of 16 per cent and stands at Rs 3616 crores as compared to Rs 3128.5 crores for the previous quarter. Net Profit for the quarter ended period stands at Rs 575.63 crores as compared to 764.21 crore and has seen a decrease of 25 per cent.
On a (YoY) basis the Net Income from operations has increased by 14 per cent and stands at Rs 39980.95 crores as compared to Rs 31570.89 crores for the previous year. EBITDA margin has increased by 21 per cent and stands at Rs 13029.96 crores as compared to Rs 10811.67 crores for the previous year. On a (YoY) basis the firm has reported a Net loss of around Rs 3079.93 crores as compared to Rs 3192.91 crores. As compared to the previous year, Net loss has reduced by 4 per cent.
On an overall basis the results have fairly disappointed. Interest expenses have been the major reason for such devastating results. Interest expenses have increased by 80 per cent and stand at Rs 1881.64 crores as compared to 1045.19 crore on a (YoY) basis. Other income has also reduced by 51 percent on a (YoY) basis. The shares on the bourses wore trading at Rs 117.30, down by 7.11 per cent.
Idea cellular is a flagship company of Aditya Birla group and an India-based mobile service provider. It is a pan India integrated GSM operator covering the entire telephony landscape of the country, and has national long distance (NLD) and international long distance (ILD) operations. The company’s business includes voice services, GPRS services and customised solutions.
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