Idea Cellular Q1 net down 12% at Rs 177 cr

 Telecom service provider Idea Cellular today reported a 12% decline in consolidated net profit to Rs 177.26 crore for the first quarter ended June 30, 2011.

The company had reported a net profit of Rs 201.4 crore for the same period in financial year 2010-11, Idea Cellular said in a filing to the Bombay Stock Exchange.

However, total revenues of company were up 23% at Rs 4,520.72 crore for Q1, FY12, compared to Rs 3,653.7 crore in the same quarter of Q1, FY11.

Shares of the company were trading at Rs 92.25, up by 2.5% compared to their previous close, on the BSE.