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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Divestment of projects can help reduce corporate leverage ratio

    A big issue that impinges on a bank’s asset quality is corporate leverage.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

Today's Columns

Urs Schoettli

Lee’s legacy will always guide Singapore

LEE Kuan Yew, the father of modern Singapore, died last ...

Rajgopal Nidamboor

Forget the past and embrace the present

It is all right to believe that one should always ...

Bubbles Sabharwal

Relationships and bitter realities

It’s a tangled web we spin The relationships we make, break ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture