India's Idea Cellular Q3 net up 14 pct, lags estimates

NEW DELHI Tue Jan 29, 2013 4:27pm IST

Stocks

   

NEW DELHI Jan 29 (Reuters) - India's Idea Cellular Ltd reported a 14 percent increase in quarterly profit, the third straight quarter of earnings growth for the country's No. 3 mobile carrier by revenue, though the rise was smaller than expected.

Idea, part of the Aditya Birla conglomerate, said consolidated net profit rose to 2.29 billion Indian rupees ($42.5 million) for its fiscal third quarter ended Dec. 31, from 2.01 billion rupees reported a year earlier.

Analysts had expected the company to report net profit of 2.65 billion rupees, according to Thomson Reuters I/B/E/S. ($1 = 53.9050 Indian rupees) (Reporting by Devidutta Tripathy; Editing by Daniel Magnowski, Aradhana Aravindan)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Markets

REUTERS SHOWCASE

Political Pulse

Political Pulse

100 days of Modi: Good for business, not so good for marginalised groups.  Full Article 

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Best Economy

Best Economy

Swiss economy most competitive once again; EU, U.S., Japan improve.  Full Article 

Power Outage

Power Outage

Mumbai hit by power cuts  Full Article 

Commodities

Commodities

Gold imports, premiums to jump on festive demand - top refiner  Full Article 

Economic Worries

Economic Worries

Pakistan's promises to IMF in doubt as protests sap economy   Full Article 

Islamic Finance

Islamic Finance

Basel III deposit challenge looms over Islamic banks   Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage