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Idea posts net loss of Rs 930.6 crore in Q4FY18, blames hyper-competition and regulatory headwinds

Idea Cellular has reported a net loss of Rs 930.6 crore in the last quarter of the financial year 2017-18 (Q4FY18), which is an improvement from last quarter’s loss of Rs 1285.6 crore. This was helped by lower costs and a higher income from other sources. For context, Idea’s loss this quarter is still significantly higher than that of the corresponding quarter last year (Q4FY17) when the loss was Rs 325 crore. Revenue for the telco slumped to Rs 6,137.3 crore in Q4, down from Rs 6,505 crore in Q3. This comes on the back of a financially stressed telecom industry, where a price war among top players has led to reduced earning and ARPUs (average revenue per user). In a press release, Idea said, “The Indian mobile industry witnessed another year of hyper-competition as well as high regulatory headwinds.…

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