Idea Cellular’s Q1 net profit up over 57 percent

Sarkaritel
By Sarkaritel July 22, 2014 10:37

Idea Cellular’s Q1 net profit up over 57 percent


22idea_cellularMumbai, July 22  Riding on higher data and voice growth, Idea Cellular’s first quarter (April-June) consolidated net profit of 2014-15 jumped over 57 percent, the company said Monday.

The Aditya Birla Group company is the third largest carrier in the country.

The net profit for the quarter was at Rs.728.2 crore from Rs.462.7 crore during the corresponding period a year earlier (2013-14). Revenue grew 16 percent on year to Rs.7,561 crore from Rs.6,538.8 crore posted during the corresponding period last fiscal (2013-14).

Idea is the sixth largest mobile telecommunications company (based on operations in a single country) in the world, currently servicing over 140 million subscribers, according to the statement.

Sarkaritel
By Sarkaritel July 22, 2014 10:37