On a y-o-y basis, voice volumes grew by just 1.8%. Idea Cellular Ltd’s shares have underperformed the market this year, and its June quarter (Q1) results suggest it is for good reason. Rising capital expenditure has hurt earnings and data volumes continue to slow down. But this strategy backfired as far as volume growth was concerned—voice volumes fell by 1% sequentially. Growth in data revenue fell to 27% on a year-on-year (y-o-y) basis, from 34% in the March quarter and 45% in the December 2015 quarter.

Source: Mint August 09, 2016 01:52 UTC