MUMBAI (Reuters) - India's third-largest telecoms operator, Idea Cellular Ltd, on Monday posted an 88 percent slump in second-quarter profit due to higher finance costs.
Idea posted a consolidated net profit of 914.6 million rupees ($13.68 million) in the quarter ended Sept. 30, compared with 7.62 billion rupees a year ago, the company said in a statement.
The profit missed an average estimate of 1.55 billion rupees from 13 analysts polled by Thomson Reuters I/B/E/S.
Revenue rose 7 percent to 92.99 billion rupees, and finance charges more than tripled to 10.04 billion.
($1 = 66.8499 Indian rupees)
(Reporting by Sankalp Phartiyal; Editing by Edwina Gibbs and Amrutha Gayathri)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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