Idea Cellular Q1 profit up 57 per cent

Idea Cellular Ltd reported a 57.2 per cent jump in quarterly profit as mobile phone carriers benefit from fewer competitors in the world's second-largest mobile phone market after a long price war.

Idea, India's third-biggest mobile phone operator by users and revenue, said on Monday consolidated first-quarter profit was 7.28 billion rupees ($120.8 million), up from 4.63 billion rupees a year earlier.

Analysts had expected that Idea, part of India's Aditya Birla conglomerate and nearly a fifth owned by Malaysia's Axiata (AXIA.KL), to earn 6.29 billion rupees.

EDITORIAL OF THE DAY

  • Banning commercial surrogacy will end exploitation of women

    Thousands of infertile couples around the globe come to India—the world’s biggest hub for commercial surrogacy along with Thailand—to rent wombs

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Urs Schoettli

Japan needs more women in high office

Japan does not rank high in international tables, when it ...

Jemima Raman

Things one learns on a potter's wheel

As things go, watching a shape emerge from a blob ...

Bubbles Sabharwal

Hold the world in the palm of your hand

There is absolute happiness and relative happiness. The poet John ...