Idea Cellular June qtr net profit at Rs 263 cr
Idea Cellular on Thursday reported a consolidated net profit of Rs 297.06 crore for the quarter ended June 30 against Rs 263.09 crore in the same quarter last fiscal.india Updated: Jul 23, 2009 20:15 IST
Idea Cellular on Thursday reported a consolidated net profit of Rs 297.06 crore for the quarter ended June 30 against Rs 263.09 crore in the same quarter last fiscal.
Total income rose to Rs 2,975.90 crore during the June quarter, from Rs 2,178.07 crore in the same period in the last fiscal.
The operating results of the quarter are not comparable to earlier quarters due to lowering of the termination charges by the telecom regulator.
Effective April 1, TRAI reduced the termination charges for national calls to Rs 0.20 per minute, from the earlier Rs 0.30 per minute.
On a standalone basis, Idea Cellular reported a net profit of Rs 309.21 crore for the June quarter this fiscal, while it had a net profit of Rs 269.53 crore in the corresponding period last fiscal.
Total income increased to Rs 2,818.80 crore during the quarter from Rs 2,177.79 crore in the year-ago period.
Shares of Idea Cellular closed at Rs 77.80, up 3.87 per cent on the BSE.