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Videocon Telecom Posts 60 Percent Jump in Q2 Gross Revenue

Videocon Telecom Posts 60 Percent Jump in Q2 Gross Revenue

By Press Trust of India | Updated: 4 November 2014 18:05 IST

Mobile service provider Videocon Telecom on Tuesday reported a jump of 60 percent in its gross revenue for the July-September quarter at Rs. 182 crore.

The company registered a gross revenue of Rs. 113 crores in the same period a year ago. The company, however, did not share its profit and loss figures.

"This growth can be attributed to many factors such as steady growth in subscriber base, growth in minutes of usage, growth in data revenue, growth in average revenue per user and growth in gross revenue realised per minute," Videocon Telecom Director and CEO Arvind Bali said in a statement.

The company stated a subscriber base of 83 lakh across its four operating circles in the quarter ended September 30. The telecom firm reported a "gross revenue of Rs. 182 crores in Q2 2014-15 with a 8.3 million subscribers against top-line revenue of Rs. 113 crores in the same period of the last financial year".

The operator said that minutes of usage on its network by subscribers grew by 40 percent in the current period as compared to the same period a year ago. Its mobile Internet revenue also grew by 160 percent.

The company registered a 15 percent growth in its gross rate per minute over the same period last year and the jump was also supported by average revenue per user at Rs. 155 during the reported quarter, it said.

"Being a new entrant in the industry, our strategy was to attain incremental Customer and Revenue market leadership in our operational circles, and as we speak, we are very much getting there," Bali said.

The company has spectrum in seven circles, but offers services only in Punjab, Haryana, Madhya Pradesh, Chattisgarh and Gujarat.

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