Idea cellular's bottom line dips in Q1FY17

Idea cellular has declared its Q1FY17 results on Monday after market hours. The company’s revenue has increased by 7.91 per cent to Rs 9487 crore in Q1FY17 as compared to same period in previous fiscal year. Its EBITDA too has risen by 3.19 per cent to Rs 3074 crore in Q1FY17 on a yearly basis. Idea Cellular’s EBITDA margin has contracted by 148 basis points to 32.4 per cent in Q1FY17 as compared to same period in previous fiscal. The company’s net profit has dropped almost four times to Rs 217 crore in Q1FY17 on a yearly basis.

On segmental revenue front, Idea Cellular has earned about 97.17 per cent from mobility, 2.2 per cent from international long distance and 0.64 per cent from passive infrastructure during Q1FY17.

The share price of Idea Cellular has declined by 2.83 per cent on bourses; and closed at Rs 103.1 on an intraday basis.

Idea Cellular provides telecom services and operates through two business segments, including Mobility Services and International Long Distance. The company offers voice, data, wireless fidelity (Wi-Fi) services and other value added services (VAS). It provides GSM-based second generation (2G) and third generation (3G) mobile telecommunications services in around 22 service areas and around 21 service areas respectively.