Idea Cellular shares fall despite robust Q4 earnings

 PTI   Mumbai     Last Updated: April 29, 2015  | 17:33 IST
Idea Cellular shares fall 4 per cent despite robust Q4 earnings
Photo for representational purpose only (Source: Reuters)

Idea Cellular shares on Thursday fell over 5 per cent in an overall weak stock market even as the company reported a robust 59.68 per cent increase in net profit on a consolidated basis for the March quarter.

Despite a positive opening, shares of the company failed to hold on the momentum and ended in the red.

The stock closed down 5.12 per cent to Rs 181.75 at the BSE .

The Aditya Birla Group's telecom firm Idea Cellular yesterday reported a robust 59.68 per cent increase in net profit at Rs 941.77 crore on a consolidated basis for the March quarter, driven by rise in revenue through volume growth on both voice and data fronts.

Total revenues moved up to Rs 8,422.51 crore in the fourth quarter ended March 31 from Rs 7,043.82 crore in the year-ago period and Rs 8,017.47 crore in the preceding quarter.

The private telecom operator's pre-tax profit margin improved by 3.2 percentage points to 31 per cent, which was attributed to the increased scale of operations.


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