Idea Cellular reports revenues of Rs 36.6 billion

Idea Cellular has reported revenue of Rs 36.6 billion in the quarter ended September 2010, a 23 per cent increase compared to the quarter ended September 2009. The company’s net profit declined 18 per cent y-o-y to Rs 1.8 billion mainly on account of lower Earnings before interest, taxes, depreciation and amortization (EBITDA).

The decline in EBITDA was mainly due to higher network opex. EBITDA margin declined sharply from 28.3 per cent to 24 per cent for the quarter ended September 2010. The capex guidance for the fiscal year 2011-12 has been revised from Rs 40-45 billion to Rs 40 billion, including capex for 3G.