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Idea Cellular Q1 net down 12 per cent at Rs 177.26 crore

Telecom service provider Idea Cellular on Friday posts a 12 per cent decline in consolidated net profit to Rs 177.26 crore for the first quarter ended June 30, 2011.

Telecom service provider Idea Cellular on Friday reported a 12 per cent decline in consolidated net profit to Rs 177.26 crore for the first quarter ended June 30, 2011.

The company had reported a net profit of Rs 201.4 crore for the same period in financial year 2010-11, Idea Cellular said in a filing to the Bombay Stock Exchange .

However, total revenues of company were up 23 per cent at Rs 4,520.72 crore for Q1, FY'12, compared to Rs 3,653.7 crore in the same quarter of Q1, FY'11.

Shares of the company were trading at Rs 92.25, up by 2.5 per cent compared to their previous close, on the BSE.