Bharti Airtel saw a 0.5% dip in its revenue market share (RMS) for the March quarter,while Aditya Birla Group company Idea Cellular witnessed the highest increase in its market share in terms of revenue for the quarter ended March 31,2013,according to data from the Telecom Regulatory Authority of India (Trai).
Also,the Indian telecom industry witnessed a sequential growth of 29% at R1,082 crore,the data showed.
Bharti,the country’s top mobile phone operator,maintained the highest market share of 29.9% in terms of revenue for the March quarter,at a time when the company is witnessing slowing sales.
Bharti Airtel posted its 13th quarterly decline in net profit for the March quarter.
On the other hand,Idea Cellular saw its RMS rise 0.9% in the fourth quarter,which accounts for 15.7% of share in the market during the quarter.
Idea Cellular’s strong market share addition was helped by a 8.5% growth in voice minutes and strong customer additions during the latest quarter,helping its net profit rise 35% sequentially. The company added 4.5 million subscribers during the quarter,including a million 3G subscribers. Idea Cellular ranks third in the telecom industry in terms of revenue market share.
Vodafone India’s RMS stood at 22.9%,a rise of 0.5%,while Reliance Communications (RCom) RMS stood flat during the March quarter. RCom,which is the India’s third-largest telecom company by subscribers,saw flat revenue during the latest quarter also.
All operators,except Idea,Vodafone and BSNL,lost RMS in the fourth quarter,according to Trai.
Idea Cellular would be able to increase its market share as it is now gaining traction,according to analysts,while they believe Bharti Airtel would be able to only hold its RMS at the same level.
In terms of absolute revenue increase during the quarter,Bharti saw a tepid rise of 1.7% sequentially,with RCom’s sequential revenue growth slightly higher at 2.2%. Meanwhile,Vodafone saw a revenue increase of 5.5%,while Idea Cellular saw its highest absolute revenue growth at 8.9%.
Bharti Airtel’s shares closed down 1.5% at R284,while Idea Cellular shares closed flat at R129.35 on Monday. RCom shares closed down 4.6% at R111 on Monday on the Bombay Stock Exchange.