Idea Cellular shares gain after quarterly earnings beat estimates

Apr 29 2014, 09:28 IST
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Idea Cellular reported on Monday a 90 per cent jump in January-March consolidated net profit. (AP) Idea Cellular reported on Monday a 90 per cent jump in January-March consolidated net profit. (AP)
SummaryIdea Cellular reported on Monday a 90 per cent jump in January-March consolidated net profit.

Shares in India's Idea Cellular Ltd gained 3.1 percent in pre-open trading on Tuesday after the wireless service provider posted better-than-expected quarterly earnings.

Idea Cellular reported on Monday a 90 per cent jump in January-March consolidated net profit, and said it was confident about growth, as phone carriers benefit from reduced competition after a long price war.

Bharti Airtel rose 1 percent ahead of its quarterly earnings later in the day.

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