Idea Q4 net profit beats estimates, jumps 90%

Idea Cellular Ltd, India's third-biggest mobile phone carrier, reported a 90 per cent jump in quarterly net profit, beating estimates, on higher voice call prices.

Idea, part of the Aditya Birla conglomerate and nearly a fifth owned by Malaysia's Axiata, said consolidated net profit rose to Rs 590 crore ($97.3 million) for its fourth quarter ended March 31, from Rs 310 crore reported a year earlier.

Analysts on average had expected Idea to report a net profit of Rs 5.25 crore, according to Thomson Reuters data.

(Reuters)