Idea shares jump after Q1 profit beats estimates
Jul 22 2014 , Mumbai
Idea's profits mainly got a boost from a rebound in voice as well as data realisations without any pressure on volumes, traders say.
Analysts had expected Idea, part of India's Aditya Birla conglomerate and nearly a fifth-owned by Malaysia's Axiata, to earn 6.29 billion rupees, according to Thomson Reuters I/B/E/S.
Idea also said its capex guidance for the year remains at 35 billion rupees.
Idea shares were trading up 2.7 percent to 143.40 rupees as of 9:32 a.m.