Idea’s consolidated topline grew by 4.5% on a qoq basis, led by strong 5.8% growth in the voice traffic for the quarter. Normalized for the reduction in the IUC charges (effective March 1st 2015), the qoq revenue grew by 6.9% on a sequential basis.
Healthy revenue performance coupled with cost optimization and leverage on SGA expenses, resulted in the operating profit growth of 5.3% qoq, consequently the operating profit margin expanded by 31 basis points from 36.4% in Q4F15 to 36.7% in Q1FY16.
Led by higher depreciation and interest cost on account of spectrum cost being built into the financials, the net earnings declined by 1.2% on a qoq basis.
The data volume for the quarter grew by 15% on a yoy basis, while the voice realization declined by 2.9% on a sequential owing to reduction in IUC charges and reduction in upper cap of national roaming charges.