Wire & Wireless India (WWIL) recorded revenues of Rs755 mn during Q4FY08, representing a top line growth of 7.4% QoQ and 13.8% YoY. The growth was primarily led by 30% QoQ increase in carriage revenue from Rs264 mn in Q3FY08 to Rs355 mn in Q4FY08.
Digital subscription revenue also grew significantly by 66.2% QoQ from Rs45 mn to Rs75 mn. Digital revenue growth was attributed to ARPU expansion which grew to Rs95 per month during quarter (~36% YoY growth).
The company’s OPM improved by 108 bps during the quarter, led by a sharp 490 bps improvement in cost of goods and services. OPM stood at -3.4% during Q4FY08, compared to -24.9% in Q4FY07. The company reported a net loss of Rs 75.4 crore. We personally think that the management of Wire & Wireless India is extremely weak with constant exodus of folks at the top management.