recent posts

banner image

Idea Cellular Quarterly Net profit Beats Estimates

Idea Cellular, India's third largest telecom company, reported a smaller than expected fall in quarterly profit helped by strong voice and data revenue.

The company, which has 184 million mobile subscribers, posted a 38.9 percent fall in profit to 5.76 billion rupees ($86.60 million) in the three months to the end of March, hurt by higher financing and spectrum fees of its 4G network.

Profit did however exceed the 5.27 billion rupees expected by analysts, according to Thomson Reuters data. The figures are the fourth quarter of the company's financial year.

Idea, along with Bharti Airtel and Vodafone's India unit have been heavily spending on ramping up 4G networks in anticipation of Reliance Industries 4G telecom service launch later this year.

Ripples Advisory Is a leading Stock Advisory Company In India.We are Providing stock advisory tips,Best stock advisory company in indore, stock advisory company on mobile with 90-95% accuracy level. Contact Us:- 9827808090

Idea Cellular Quarterly Net profit Beats Estimates Idea Cellular Quarterly Net profit Beats Estimates Reviewed by Ripples Advisory Private Limited on April 29, 2016 Rating: 5

No comments:

Note: only a member of this blog may post a comment.

Stay Connected

Powered by Blogger.