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Home / Business News / Idea Q1 profit almost doubles to Rs. 463 crore

Idea Q1 profit almost doubles to Rs. 463 crore

Idea Cellular’s net profit for the quarter ended June 30 nearly doubled to Rs. 462.7 crore, from Rs. 234.1 crore during the year-ago period, on the back of robust voice and mobile data revenue.

business Updated: Aug 01, 2013, 23:03 IST
HT Correspondent
HT Correspondent
Hindustan Times

Idea Cellular’s net profit for the quarter ended June 30 nearly doubled to Rs. 462.7 crore, from Rs. 234.1 crore during the year-ago period, on the back of robust voice and mobile data revenue.

Its consolidated revenues registered a jump of 19% to Rs. 6,538.77 crore from Rs. 5,503.69 crore in the year-ago period.

Analysts had expected Idea to report a net profit of Rs. 400 crore, according to Thomson Reuters.

Idea Cellular said that it was able to reduce its debt despite rupee depreciation. Its minutes of voice calls increased by 12.5% on year-on-year basis to 147.3 billion.

ht epaper

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