Idea Cellular posts sixth straight quarterly loss in Q4 at Rs 9.6 bn

Idea Cellular, the country’s third largest telecom operator by subscribers, posted a consolidated net loss of Rs 9.62 billion on a gross revenue of Rs 61.3 billion in the March quarter, making it the sixth consecutive quarterly loss for the company. The company posted a standalone net loss of Rs 4.3 billion in the same quarter a year ago.

While the revenue fell short of the Bloomberg consensus estimate of Rs 62.09 billion, the net loss was far lower than Rs 14.70 billion estimated by analysts. Idea’s net loss was also lower than the Rs 12.85 billion loss it reported in