NEW DELHI Jan 29 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)
Trending On Reuters
The U.S. Department of Justice (DoJ) has subpoenaed India's largest drugmaker Sun Pharmaceutical Industries Ltd seeking information about the pricing and marketing of the generic drugs it sells in the United States, the company said on Saturday. Full Article