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Q1-10: Idea Cellular PAT Up To Rs. 3075M; Churn Up, ARPU & MoU Down

Idea Cellular has reported a standalone Profit After Tax (PAT) for Q1 of Rs. 3,075 million, up just 1.4 percent from the Rs. 3032 million reported last quarter. Gross revenue also grew marginally by 0.9 percent to Rs. 2, 888.3 million reported last quarter to 2,862.6 million reported in Q4-09. On a consolidated basis, the company reported a PAT of Rs. 297.1 million, up 13 percent from 2,743 million last quarter, on gross revenues of Rs. 2,975.9 milion as compared to Rs. 2935.6 million reported last quarter. EBITDA margins (consolidated) improved, up to 28.9 percent in Q1-10, from 27.6 percent in Q4-09. Details: Quarterly Report | Financials | Earnings Release Like Bharti Airtel earlier today, Idea Cellular reported a decline in ARPU: APRU for Q1-10 was down to Rs. 232, from Rs. 255 reported in the previous quarter. Average Minutes of Use also…

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