MUMBAI (Reuters) - Idea Cellular Ltd on Tuesday posted a better-than-expected 60 percent jump in quarterly profit, helped by higher data revenue and strong subscriber growth.
Net profit was 9.42 billion rupees ($149.2 million) in the fourth quarter ended March 31, compared with 5.90 billion rupees in the same period a year earlier.
Analysts, on average, had expected the company to post a net profit of 8.5 billion rupees, according to Thomson Reuters data.
The company, part of the Aditya Birla conglomerate, posted consolidated net sales of 83.97 billion rupees, about 20 percent higher than a year earlier.
($1 = 63.1450 rupees)
(Reporting by Aman Shah in Mumbai; Editing by Subhranshu Sahu)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app