Don’t miss the latest developments in business and finance.

Idea Cellular Q2 net profit misses estimates at Rs 809 cr

Analysts, on average, expected a profit of Rs 826 cr

A man walks past a shop displaying Idea Cellular Ltd's logo on its shutters in Mumbai
A man walks past a shop displaying Idea Cellular Ltd's logo on its shutters in Mumbai
Reuters Mumbai
Last Updated : Oct 21 2015 | 4:58 PM IST

Idea Cellular Ltd , India's third-biggest mobile operator, posted a quarterly net profit slightly below analysts' expectations, as fewer people made voice calls.

Net profit after tax was Rs 809 crore ($124.2 million) in the quarter ended Sept. 30, compared with Rs 756 crore a year earlier.

Analysts, on average, expected a profit of Rs 826 crore, according to Thomson Reuters data.

Idea, part of the Aditya Birla conglomerate, posted consolidated revenue of Rs 8,689 crore, 1.2 percent lower than a year earlier. ($1 = 65.1600 Indian rupee)

 

 

More From This Section

First Published: Oct 21 2015 | 4:27 PM IST

Next Story