Idea Cellular Q3 net profit up 13.72%

Feb 07 2013, 14:51 IST
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Idea Cellular Q3 net profit up 13.72% Idea Cellular Q3 net profit up 13.72%
SummaryThe company had reported Rs 200.98 crore net profit for the same period last fiscal.

Idea Cellular today reported increase of 13.72 per cent in consolidated net profit at Rs 228.57 crore during its third quarter ended December 31, driven by lower finance charges and improved margins.

The company had reported Rs 200.98 crore net profit for the same period last fiscal.

The finance and treasury charges on the company dropped by 16 per cent during Q3, FY 2013 at Rs 241.82 crore, from Rs 288.03 crore in the same period in FY 2012.

Idea's net profit from international long distance grew to Rs 11.96 crore, from 3.94 crore. From infrastructure business, which includes mobile towers, it grew by 7.5 per cent at Rs 100.64 from Rs 93.60 crore on year-on-year basis.

Idea posted increase of 10.88 per cent in consolidated revenue at Rs 5,578.58 crore, during the October-December quarter compared to Rs 5,030.82 crore it posted during the corresponding period in last financial year.

"The quarterly revenue growth is primarily led by expansion of voice minutes at the rate of 5.2 per cent to 132.2 billion minutes, compared to 125.6 billion minutes in Q2 FY'13," Idea said in a statement to BSE.

Idea's revenue in the mobility business increased by 9 per cent at Rs 540.79 crore during the reported quarter from Rs 494.54 crore on yearly basis.

The net profit before finance charges and tax in the mobility business dropped by 3.2 per cent at Rs 473.76 crore during Q3 FY'13, compared to Rs 489.59 crore in Q3 FY'12.

Idea Cellular scrip closed at Rs 113.50, up 0.62 per cent, on the BSE.

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