Idea Cellular on Monday said its consolidated net profit had increased by 32 per cent to Rs 234.1 crore for the quarter ended June 30. This was against a net profit of Rs 177.3 crore in the same period last year.
The company’s total consolidated revenue stood at Rs 5,503.7 crore, up 21.7 per cent from Rs 4,520.7 crore in the April-June 2011 quarter. The numbers also includes financials of Indus Towers business, in which Idea Cellular holds 16 per cent stake.
Due to introduction of ‘Telecom Consumer Protection Regulation’ by Trai with effect from March 22, 2012 and “grim market battle for supremacy”, Idea said its revenue performance of last two quarters had slowed down on sequential quarterly basis to 2.5 per cent growth.
