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Idea Cellular Q3 Net Up 14%, Lags Estimates

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Idea Cellular reported a 14 per cent increase in quarterly profit, the third straight quarter of earnings growth for the country's No. 3 mobile carrier by revenue, though the rise was smaller than expected.

Idea, part of the Aditya Birla conglomerate, said consolidated net profit rose to Rs 229 crore for its fiscal third quarter ended December 31, from Rs 201 crore reported a year earlier.

Analysts had expected the company to report net profit of Rs 265 crore, according to Thomson Reuters I/B/E/S.

(Reuters)