Idea Cellular declines after weak Q4 results

Idea Cellular lost 3.67% to Rs 121.90 at 9:40 IST on BSE 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 14.54 points or 0.06% at 25,588.56.

On BSE, so far 1.73 lakh shares were traded in the counter as against average daily volume of 3.77 lakh shares in the past two weeks. The stock hit a high of Rs 124.90 and a low of Rs 121.40 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 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.

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