January 29, 2013 / 10:58 AM / 5 years ago

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

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)

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