Idea cellular Q3 net dips 17% at Rs 201 cr

Posted By: Religare
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Idea cellular Q3 net dips 17% at Rs 201 cr
Idea cellular, India's third largest wireless operator, disappoints investors with dismal Q3 earning numbers, mainly hit by higher finance and treasury costs during the quarter.

Net profits of the company declined 17.3 per cent to Rs 200.98 crore for the third quarter ended December 31, 2011.

The company had posted the net profits of Rs 243.05 crore during the same period a year ago, said the company in its filing to the Bombay Stock Exchange on January 23, 2012.

Meanwhile, net sales of the company increased 27 per cent to Rs 5,020.37 crore during Q3 FY12, as compared to Rs 3,952.59 crore during Q3 FY11.

The business outlook remains a paradox, a combination of tailwinds with strong customer traction and headwinds emerging from uncertain regulatory interventions and macro-economic environment, said the company in a statement.

On Monday, Shares of the company were trading at Rs 87.95 a piece, up 4.33 per cent from previous close on BSE  at 01:45 PM.

Dion Global Solutions Ltd

Read more about: idea cellular, bse, results
Story first published: Monday, January 23, 2012, 23:36 [IST]
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