 "Idea Cellular jumps 10% after Q4 earnings beats estimates")
Mumbai: Shares in Idea Cellular rose as much as 10.4 percent in opening trade after Jan-March earnings beat estimates on Thursday, riding on strong customer additions and a court decision that removed some smaller competitors from the market.
[caption id=“attachment_729823” align=“alignleft” width=“380”] AFP[/caption]
Idea, part of the Aditya Birla conglomerate, said consolidated net profit rose to Rs 310 crore in its fourth quarter through March from 2.4 billion a year ago.
Analysts had on average expected a net profit of Rs 280 crore, according to Thomson Reuters data.
STORY CONTINUES BELOW THIS AD
Reuters
End of Article
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
