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India's Idea Cellular Q2 profit up 69 percent
October 20, 2014 / 11:37 AM / 3 years ago

India's Idea Cellular Q2 profit up 69 percent

Oct 20 (Reuters) - India’s Idea Cellular Ltd posted a 69 percent rise in quarterly profit as the country’s No.3 mobile operator added subscribers faster than competitors and saw more customers use data plans.

Idea, part of the Aditya Birla conglomerate and nearly a fifth-owned by Malaysia’s Axiata, earned 7.56 billion rupees in the second quarter ended September, compared with 4.48 billion rupees a year earlier.

Analysts had on average expected Idea to report a net profit of 6.65 billion rupees, according to Thomson Reuters I/B/E/S.

Shares of the company closed 4.7 percent up at 161.45 rupees on Monday. (Reporting by Nivedita Bhattacharjee in Mumbai; Editing by Prateek Chatterjee)

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