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Ahead of Vodafone merger, Idea Cellular posts Q1 profit on tower sale gain

Revenue declined mainly on account of down-trending of average revenue per user, which stood at Rs 100 as against Rs 105 in Q4FY18

Vodafone Idea

Vodafone Idea

Sohini Das Mumbai
Right ahead of its merger with Vodafone, Idea Cellular Ltd reported on Monday a surprise profit in the first quarter of the 2018-19 financial year, riding on a one-time gain from the sale of telecom towers. The company posted a net profit of Rs 2.57 billion for the quarter ended 30 June compared to a net loss of Rs 8.15 billion in the same period last year. Idea had posted a Rs 9.62 billion loss in the previous quarter. 

During the quarter, there was a gain of Rs 33.65 billion from the sale of Idea Cellular Infrastructure Services. Revenue from

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First Published: Jul 30 2018 | 8:11 PM IST

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