Videocon Telecom posts 53% Revenue growth in Q3 14-15

Videocon Telecom has posted 53% growth in its GSM business Gross Revenue in Q3 2014-15 over the same period last financial year. The telco reported Top line Gross Revenue of Rs.489 crore in Q3 14-15, including its GSM business, NLD/ILD and Punjab Wire-line business.

With its GSM mobility business growth was fuelled by an organic growth in the 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 customers across its four operating circles as on December 14. The telco grew its Minutes of usage by approximately 30% in Q3 14-15 as compared to the same period in the last financial year.

Owing to telco’s strategy to upgrade its Network to 2.75 G EDGE, the telco witnessed a substantial growth in its data revenues, data revenue yielded an impressive 113% growth with an 30% improvement in  realization per  GB over the same quarter last FY. The telco also reported a 19% improvement in its GRPM (Gross rate per min) over the same quarter last FY.

Arvind Bali, Director & 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 the 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 focussing on our gross level and unit level KPIs.

The telco will be closing the FY 2014-15 with Top-line Revenue of approximately Rs.2,000 crore.