Telecom operator Idea Cellular 's net profit grew by 2.5 percent
quarter-on-quarter to Rs 240 crore in the quarter ended September 2012, which
was higher than expectations of Rs 228 crore.
The fall in interest outgo helped the company improve its
profitability. Interest cost declined 26.7 percent YoY and 19 percent QoQ to Rs
216 crore during the quarter.
Net sales fell a higher than expected 3.6% QoQ to Rs 5,306.8
crore during the quarter due to decline in subscriber base and lower average
revenue per user (ARPU). Analysts on an average has forecast of Rs 5,430 crore.
ARPU went down by 5.1 percent QoQ to Rs 148, which was below
expectations of Rs 151.5.
Earnings before interest, tax, depreciation and amortization
(EBITDA) declined marginally to Rs 1,422.5 crore from Rs 1,435.6 crore during
the same period. But EBITDA Margin rose by 70 basis points to 26.8 percent
versus 26.1 percent QoQ while analysts had expected it at 26.08 percent.
Average realization per minute too improved to 41.3 paise in
the second quarter of FY13 as against 41.2 paise in the previous quarter, which
too was better-than-expectations of 41.1 paise.
The stock rose 0.49 percent to close at Rs 81.25 on the
Bombay Stock Exchange.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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