Where’s The Money? Top Telecom Circles In India By Revenue – March-June 2010

Where’s The Money? Top Telecom Circles In India By Revenue – March-June 2010

By Nikhil Pahwa on September 21st, 2010  | Comments (1)

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The Andhra Pradesh circle generated the maximum revenue for Telecom Operators, for the three months ended June 20th 2010. According to gross revenue information provided by Indian telecom operators to the Telecom Regulatory Authority of India (used for determining the license fees paid by each operator to the Indian Government), the Andhra Pradesh circle generated Rs. 2368.39 crore, with Bharti Airtel accounting for 40.43% of this money. Andhra Pradesh was followed by Delhi (Rs. 2357.8 crore), Maharashtra (2161.36 crore) and Karnataka (Rs. 2103.25 crore).

Among telecom operators, Bharti Airtel accounted for the most gross revenue at Rs. 9319.59 crore, up 6.6% quarter on quarter, with a 32.63% revenue marketshare. Given India’s multi-SIM environment, Indian telecom operators have been pointing analysts towards the revenue marketshare figures, instead of subscriber/connection marketshare.
Note that a few quarters ago, Reliance Communications had clarified to investors on its earnings conference call that the difference between their reported revenues and the amount reported to the TRAI, is on account of handset revenues not being included in its gross revenue reporting to TRAI. Reliance Communications also retails handsets to its CDMA customers.
Operator Results:

• Bharti Airtel had the most gross revenue for the quarter ended June 30th, 2010, at Rs. 9,319.59 crore, a 6.6% increase QoQ. Airtel’s revenue marketshare was 32.63%
• Vodafone held 21.47% share of the total revenue at Rs. 6,133.18 crore, a QoQ rise of 21.47%.
• Idea Cellular ranked third in terms of revenue, with a total of Rs. 3,740.42 crore, 6.83% rise QoQ and a market share of 13.10%
• Etisalat had the least amount of revenue for the quarter at Rs. 0.17 crore, with a drastic decline of 99.17% QoQ, with its revenue covering a negligible amount of the total gross revenue of all the operators.
• S-tel had a gross revenue of Rs. 11.81 crore, which was 48.74% more than in the last quarter, Rs. 7.94 crore, engaging 0.04% of the total revenue.
• Tata Teleservices and BSNL also saw a decline in the gross revenue for the quarter, with Rs. 2,324.07 crore, 3.2% decline QoQ and Rs. 2,111.13 crore, 10.87% decline QoQ, respectively.

Circle Results:

• Andhra Pradesh: generated the maximum amount of gross revenue, at Rs. 2,368.39 crore, 5.46% more than last quarter, claiming a 8.29% of total gross revenue.
• Delhi: ran in at the second rank in terms of gross revenue, producing a revenue of Rs. 2.357.80 crore in Q111, against Rs. 2265.43 crore in the previous quarter, seeing a 4.08% rise QoQ, it amounted to 8.25% of the market share.
• Maharashtra saw a fall in the gross revenue in this quarter at Rs. 2,161.36 crore as against 2,165.35 in the previous quarter, a decline of 0.18% QoQ and secures a market share of 7.57%.
• Himachal Pradesh contributed the least to the gross revenue output, 0.74%, adding only Rs. 211.44 crores this quarter, a 3.19% rise QoQ, from Rs. 204.91 crore in the previous quarter.
• The North Eastern circles together amounted to 1% of the total revenue, at Rs. 286.9 crore from Rs. 274.37 crore in the previous quarter, a QoQ rise of 4.57%.
• Jammu & Kashmir: Going in accord with the decline in the number of telecom subscriber in J&K, the quarter saw a significant fall in the gross revenue from that part of the country, at Rs. 327.08 crore as against Rs. 405.3 crore in the previous quarter, a decline of 19.30% QoQ, engaging 1.15% of the total gross revenue from all the circles.
• Mumbai: saw a fall in the gross revenue over the quarter as compared to the previous quarter, from Rs 1,992.25 crore to Rs. 1,920.85 crore, a 3.58% decline QoQ and contributing to amount 6.73% of the total gross revenue.

Top 3 revenue generating circles for Telecom Operators:

• Aircel: Tamilnadu, Rs. 453.48 crore, 34.03% of the total revenue generated by the operator, Chennai, Rs. 146.05 crore, 10.96% and Assam, Rs. 115.18 crore, 8.65%.
• Bharti Airtel Group: Karnataka, Rs. 1062.56 crore, 11.40% , Andhra Pradesh, Rs. 957.48 crore, 10.27% and Delhi, Rs. 915.97 crore, 9.83%.
• BSNL: U.P. East, Rs. 221.88 crore, 10.51% , Andhra Pradesh, Rs. 200.58 crore, 9.5% and Kerala, Rs. 177.86 crore, 8.42%.
• Etisalat: Mumbai, Rs. 0.03 crore, 17.65 , Delhi, Rs. 0.03 crore, 17.65% and Rs. 0.01 crore in all others except Kerala and Bihar, no revenue.
• HFCL Infotel: Punjab, Rs. 32.92 crore, only circle.
• Idea Group: Maharashtra, Rs. 646.53 crore, 17.28% , Madhya Pradesh, Rs. 390.44 crore, 10.44% and Andhra Pradesh, Rs. 387.03 crore, 10.35%.
• Loop Mobile: Mumbai, Rs. 165.5 crore, only circle.
• Reliance: Mumbai, Rs. 322.91 crore, 10.03% , Delhi, Rs. 320.16 crore, 9.95% and Maharashtra, Rs. 223.79 crore, 6.95%.
• S Tel: Bihar, Rs. 4.14 crore, 35.06% , Himachal Pradesh, Rs. 3.87 crore, 32.77% and Orissa, Rs. 3.8 crore, 32.18%.
• MTS Group: Rajasthan, Rs. 32.66 crore, 29.94% , West Bengal, Rs. 17.82 crore, 16.34% and Karnataka, Rs. 12.90 crore, 11.83%.
• Tata Teleservices: Andhra Pradesh, Rs. 303.99 crore, 13.08% , Delhi, Rs. 241.37 crore, 10.39% and Karnataka, Rs. 238.79 crore, 10.27%.
• Uninor: U.P. East, Rs. 18.75 crore, 29.26% , Andhra Pradesh, Rs. 10.57 crore, 16.5% and U.P. West, Rs. 10.27 crore, 16.03%.
• Vodafone Essar: Gujarat, Rs. 670.47 crore, 10.93% , Mumbai, Rs. 662.52 crore, 10.8% and Delhi, Rs. 585.77 crore, 9.55%.

Top revenue generating operators in each circle, and circle market-share:

• Andhra Pradesh: Bharti Airtel, Rs. 957.48 crore, 40.43% of the total revenue generated in the circle.
• Delhi: Bharti Airtel, Rs. 915.97 crore, 38.85% of the total revenue generated in the circle
• Maharashtra: Idea Cellular, Rs. 646.53 crore, 29.91% of the total revenue generated in the circle
• Mumbai: Vodafone, Rs. 662.52 crore, 34.49% of the total revenue generated in the circle
• Tamil Nadu: Aircel, Rs. 453.38 crore, 37.93% of the total revenue generated in the circle
• Karnataka: Bharti Airtel, Rs. 1,062.56 crore, 50.52% of the total revenue generated in the circle
• Chennai: Bharti Airtel, Rs. 852.58 crore, 62.51% of the total revenue generated in the circle
• Assam: Bharti Airtel, Rs. 155.39 crore, 33.82% of the total revenue generated in the circle
• Bihar: Bharti Airtel, Rs. 645.09 crore, 46.83% of the total revenue generated in the circle
• Haryana: Vodafone, Rs. 155.45 crore, 25.89% of the total revenue generated in the circle
• Himachal Pradesh: Bharti Airtel, Rs. 91.38 crore, 43.22% of the total revenue generated in the circle
• Jammu & Kashmir: Bharti Airtel, Rs. 128.43 crore, 39.27% of the total revenue generated in the circle
• North East: Bharti Airtel, Rs. 104.12 crore, 36.29% of the total revenue generated in the circle
• Orissa: Bharti Airtel, Rs. 230.58 crore, 39.29% of the total revenue generated in the circle
• U.P. East: Vodafone, Rs. 552.58 crore, 31.32% of the total revenue generated in the circle
• U.P. West: Idea Cellular, Rs. 346.73 crore, 27.77% of the total revenue generated in the circle
• Kerala: Idea Cellular, Rs. 365.67 crore, 29.42% of the total revenue generated in the circle
• West Bengal: Vodafone, Rs. 323.25 crore, 37.05% of the total revenue generated in the circle
• Kolkata: Vodafone, Rs. 230.4 crore, 30.83% of the total revenue generated in the circle
• Gujarat: Vodafone, Rs. 670.47 crore, 40.98% of the total revenue generated in the circle
• Madhya Pradesh: Idea Cellular, Rs. 390.44 crore, 31.24% of the total revenue generated in the circle
• Punjab: Bharti Airtel, Rs. 430.44 crore, 37.22% of the total revenue generated in the circle
• Rajasthan: Bharti Airtel, Rs. 610.41 crore, 46.09% of the total revenue generated in the circle