The Hindu Business Line : Idea Cellular Q4 net rises 9.5% at Rs 303 cr

Aditya Birla group company Idea Cellular on Thursday reported a 9.5 per cent rise in standalone net profit for the fourth quarter ended March 31, 2009.

The telecom operator reported a net profit of Rs 303.2 crore against Rs 276.7 crore reported in the same quarter a year ago.

Revenues for the quarter increased by 44.1 per cent to Rs 2,862.6 crore (Rs 1,985.3 crore).

On a consolidated basis, it reported a marginal decline of 0.8 per cent in net profit to Rs 274.3 crore (Rs 276.7 crore). Revenues for the quarter were up by 47.8 per cent to Rs 2,935.6 crore (Rs 1,985.3 crore).

The Idea Cellular scrip was up by 1.31 per cent to close at Rs 57.8 on the BSE.

For the full year ended March 2009, Idea Cellular has reported a 47.9 per cent rise in standalone revenues to Rs 9,810.2 crore (Rs 6,737.4 crore).

Earlier this month, the company had announced its entry into the Orissa circle. It plans to launch mobile services in Tamil Nadu by June, it said in a statement.

Related Stories:
Idea Q3 net dips 7%

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
IIT Madras Research Park-I to be ready by July

Import rules for telecom equipment relaxed

HCL Info net down 29% in Q3

Idea Cellular Q4 net rises 9.5% at Rs 303 cr

Software tool to check online transaction sites authenticity

Travel services from Muthoot Pappachan

We have to move away from total IT outsourcing: HCL Tech CEO

Insta Health raises $1 m from Inventus Capital

TCS aims to double revenues from home turf

Deal conversions likely to improve this fiscal, says TCS

IT contracts’ value dips 21% in March quarter