Idea Cellular , India's fourth-biggest mobile carrier by subscribers, reported a less-than-expected 17.3% fall in quarterly profit, hit by foreign exchange losses and higher interest costs.
Idea, part of India's Aditya Birla conglomerate, said consolidated net profit fell to Rs 201 crore for its fiscal third-quarter ended December from 243 crore reported a year earlier.
Analysts in a Reuters poll of brokerages on average expected net profit of Rs 156 crore for the Mumbai-based company in which Malaysia's Axiata
Source: www.moneycontrol.com
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Gaurav Agarwal
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DENIP Consultants Pvt Ltd
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