Videocon Telecom Showcases 77% Rise in Q4 Revenues
Fueled by aggressive customer acquisition, Videocon Telecom has recorded a 77% growth in its revenues at ` 344.5 crore for the fourth quarter of 2013-14.
The telco has been among the top three players in the industry in net customer acquisitions for the last eight months. The telco achieved an impressive 91% growth in its subscriber base with 7 mn customer base.
It has also been focusing on unit level and gross level profitability where the telco has been able to deliver a 25% growth in GRPM (Gross rate per min) , an impressive CAGR of 317% in data revenue. The telco has over 38% of its total subscriber base actively using data.
The telco is now aggressively chasing to attain fair revenue and customer market share and become EBITDA positive in two out of its four operational circles, and achieve the distinction of being the fastest break-even by any telco ever.
The telco also talked about its strategic outlook for FY 2014-15 and is targeting consolidated top line revenue of ` 2,500 crore in FY2014-15.
“The numbers are looking up, Y-o-Y our MoU have grown by over 81%, data business is up by an impressive 317% and now contributes to 7% of gross revenue with over 38% of our customers actively using data. Our bottomline has improved by 24%,” said Arvind Bali, the Director and CEO of Videocon Telecom.
“We are the youngest telco in the industry, and we aspire to become the fastest to breakeven. We have had a good 2013-14 and have been able to grow our top-line revenue by 77%,” he added.