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Idea Q4 net profit beats estimates, jumps 90 percent

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Reuters NEW DELHI
Last Updated : Apr 28 2014 | 5:29 PM IST

NEW DELHI (Reuters) - Idea Cellular Ltd , India's third-biggest mobile phone carrier, reported a 90 percent jump in quarterly net profit, beating estimates, on higher voice call prices.

Idea, part of the Aditya Birla conglomerate and nearly a fifth owned by Malaysia's Axiata , said consolidated net profit rose to 5.9 billion rupees ($97.3 million) for its fourth quarter ended March 31, from 3.1 billion rupees reported a year earlier.

Analysts on average had expected Idea to report a net profit of 5.25 billion rupees, according to Thomson Reuters data.

(Reporting by Devidutta Tripathy and Aradhana Aravindan; Editing by Matt Driskill and Anand Basu)

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First Published: Apr 28 2014 | 5:15 PM IST

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