INSUBCONTINENT EXCLUSIVE:
user additions and increased data usage.
For the fiscal first quarter, the Mukesh Ambani-owned company, which has upended the market since
its entry in September 2016 first with free voice and data and now much cheaper mobile internet services, has posted a net profit of Rs 612
crore compared with Rs 510 crore in the January-March quarter.
Operating revenue rose 13.8% sequentially to Rs 8,109 crore
posted a loss of Rs271 crore
In comparison, rival Bharti Airtel , clocked a net profit at Rs 97.30 crore for quarter ended June, despite an on year drop of 73.51% ,
reeling under the impact of pricing aggression, higher tariff costs and full quarter impact of cut in termination rates.
Earnings before
base and most user metrics in the last 12 months
strong operating leverage
termination rates interconnection usage charges, besides the ongoing price war
The Sunil Mittal owned telco clocked in an ARPU of Rs 105 and revenue from India operations, which make up for nearly 75% of the total,
declined 13.5% to Rs 14,930 crore.
The other incumbents too reeled under tariff wars
Idea Cellular will report its first quarter results on July 30
