Idea Cellular lost 7.31% to Rs 117.30 at 14:24 IST on BSE, with the stock extending intraday losses after consolidated net profit fell 38.87% to Rs 575.63 crore on 10.63% growth in total income to Rs 9524.09 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours yesterday, 28 April 2016.Meanwhile, the S&P BSE Sensex was down 120.03 points or 0.47% at 25,483.07.
The stock slumped on heavy volumes. On BSE, so far 18.08 lakh shares were traded in the counter as against average daily volume of 7.37 lakh shares in the past one quarter. The stock hit a high of Rs 124.90 and a low of Rs 115.45 so far during the day. The stock had hit a 52-week low of Rs 97.55 on 10 February 2016. The stock had hit a 52-week high of Rs 198.10 on 29 April 2015. The stock had outperformed the market over the past one month till 28 April 2016, gaining 20.01% compared with Sensex's 2.55% rise. The scrip had also outperformed the market in past one quarter, advancing 20.81% as against Sensex's 4.63% rise.
The large-cap company has equity capital of Rs 3600.51 crore. Face value per share is Rs 10.
Idea Cellular's earnings before interest, taxation, depreciation and amortization (EBITDA) margin improved to 38.1% in Q4 March 2016 from 36.4% in Q4 March 2015. EBITDA rose 18% to Rs 3616 crore in Q4 March 2016 over Q4 March 2015.
Idea Cellular is one of the leading telecom operators in India. It is a part of the Aditya Birla Group.
Powered by Capital Market - Live News
