Videocon clocks 53% rise in Q3 revenues

Riding on strong subscriber growth and rising data consumption, Videocon Telecom registered a 53% increase in revenues in Q3 of 2015 over the same period last financial year.

The telco made a comeback in GSM mobility business in March last year and the GSM business growth was fuelled by 113% rise in data revenues over the same period last fiscal.

The telco had reported an overall top-line revenue of Rs 489 crore for Q3 of FY15 and it is likely to close the fiscal with a top-line of Rs 2,000 crore.

The GSM business growth was fuelled by an organic growth in subscriber base, MoU’s (minutes of usage), and focus on data consumption, GRPM (Gross Rate per min) and ARPU (Average Revenue per min).

The telco reported a subscriber base of 9 million across its four operating circles as on December 2014. The telco grew its Minutes of usage by approx 30% in Q3 14-15 as compared to same period in last financial year, a statement said.

Arvind Bali, Director and CEO, Videocon Telecom, said “We continue to witness a healthy growth in business over the same period in the last financial year. The growth this quarter can be attributed to many factors including organic growth in subscriber base and minutes of usage, and our focus on data penetration and usage, GRPM, ARPU and Usage and retention focus. We are quite satisfied with the month on month growth and we have been continuously focusing on our gross level and unit level KPIs.”

“Being a new entrant, our strategy was to attain incremental customer and revenue market leadership in our operational circles. We aim to maintain and accelerate this growth rate further. We will be closing the financial year with a top line of Rs 2,000 crore, including our GSM mobility, NLD/ILD & Punjab wire-line business,” Bali added.