Idea to Declare Financial Results on Saturday
The giant telecom firm, Idea Cellular is expected to declare its financial results on Saturday. It is expected to report a wider quarterly net loss as Jio’s aggressive tariff cuts in January and a cut in international termination rates play out.
In quarter 4, it was expected that the Idea Cellular’s net loss will widen to Rs 1,471.10 crore, from the earlier Rs 1,284.50 crore in the December quarter and Rs 327.70 crore a year ago.
The experts have estimated that the revenue will grow at a slower 5 per cent qoq and 24 per cent yoy in the quarter under review.
Some experts are of the view that the net loss of Idea will cross Rs 1,550 crore in the March quarter. Blended average revenue per user may fall 8 per cent sequentially to Rs 104 whereas margin may slip 25.30 per cent yoy.
For year 2018, in the quarter of January – March, ICICIdirect predicted that a net loss for Idea Cellular will be of Rs 1,465 crore. It declared that in 23.60 per cent and 56.30 per cent fall in revenue and Ebitda, respectively, in the three months to March.