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

REUTERS SHOWCASE

Earnings Season

Earnings Season

Reliance Q4 sales rise, refining margin narrows.  Read 

Innovative Solution

Innovative Solution

Turning smog into jewels - a Dutch designer's solution to Beijing's pollution.  Video 

Insider Trading

Insider Trading

Rajaratnam's brother loses bid to dismiss insider trading charges.  Full Article 

Literary Giant Dies

Literary Giant Dies

Mourning and memories in Gabriel Garcia Marquez's languid hometown.  Full Article 

S&P on India

S&P on India

S&P: India's ratings to depend on next govt econ, fiscal policies.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Bond Market

Bond Market

A star abroad, RBI boss riles bond traders at home  Full Article 

Reuters India Mobile

Reuters India Mobile

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