- Setback for Bharti Airtel, Reliance Communications, Vodafone as Supreme Court allows account audit by CAGIdea Cellular to raise Rs 3,000 cr via QIP routeIdea Cellular quarterly profit jumps 57 pct on higher voice rates, data use to Rs 728.2 crFocus on improving data & voice realisation rates: Himanshu Kapania
Idea Cellular, India's third-biggest mobile phone operator by users and revenue, shares jumped 3.8 percent at pre-open trading after its first-quarter profit rose 57 percent to 7.28 billion rupees ($120.8 million), beating consensus estimates.
Idea Cellular's profits mainly got a boost from a rebound in voice as well as data realisations without any pressure on volumes, traders say.
Analysts had expected Idea, part of India's Aditya Birla group and nearly a fifth-owned by Malaysia's Axiata AXIA.KL, to earn 6.29 billion rupees, according to Thomson Reuters I/B/E/S.
Idea Cellular Ltd also said its capex guidance for the year remains at 35 billion rupees.