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India's Idea Cellular Q2 net profit misses estimates

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Idea Cellular Ltd, India's third-biggest mobile operator, posted a quarterly net profit slightly below analysts' expectations, as fewer people made voice calls.

[ MUMBAI] Idea Cellular Ltd, India's third-biggest mobile operator, posted a quarterly net profit slightly below analysts' expectations, as fewer people made voice calls.

Net profit after tax was 8.09 billion rupees (US$124.2 million) in the quarter ended Sept 30, compared with 7.56 billion rupees a year earlier.

Analysts, on average, expected a profit of 8.26 billion rupees, according to Thomson Reuters data.

Idea, part of the Aditya Birla conglomerate, posted consolidated revenue of 86.89 billion rupees, 1.2 per cent lower than a year earlier.

REUTERS

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