Idea Cellular shares end nearly 5% higher post smart earnings

Shares of telecom major Idea Cellular ended the day with nearly 5 per cent gain after the company reported 57 per cent jump in net profit in the June quarter.
Shares of the company settled 4.83 per cent higher at Rs 146.50 on the BSE. In intra-day, it surged 5.61 per cent to Rs 147.60.
At the NSE, it closed at Rs 146.40, up 4.76 per cent.
On the volume front, 34.11 lakh shares of the company changed hands at the BSE, while over 2 crore shares were traded at the NSE during the day.
"The company's Q1 FY15 results were above estimates," brokerage firm Motilal OSWAL said in a report.

Idea Cellular had yesterday posted a 57 per cent jump in net profit at Rs 728.2 crore for the first quarter ended June 30, 2014, on increased demand in mobility business mainly mobile Internet services.
The company had posted a profit after tax of Rs 462.71 crore in the same period a year ago.
It posted about 16 per cent jump in its consolidated revenue at Rs 7,484.8 crore during the quarter, up from Rs 6,470.93 crore a year ago.