Mumbai: Aditya Birla Group company Idea
Cellular on Monday reported a consolidated net profit of Rs 220.15
crore for the second quarter of the fiscal.
The consolidated financial results include proportionate
figures of Spice Communications. Hence, the figures of current
year are not comparable to those of the previous year, Idea
Cellular said in a filing to the Bombay Stock Exchange. Idea
Cellular had acquired Spice Communications last year.
Its Net stood at Rs 144.07 crore in the same period in
the last fiscal.
The total income of the telecom operator rose to Rs
3,005.60 crore during the September quarter from Rs 2,303.65
crore in the year-ago period,
On stand-alone basis, Idea Cellular posted a net profit
of Rs 273.15 crore during the period against Rs 150.39 crore
in the year-ago period.
The total income on stand-alone increased to Rs 2,797.17
crore. "The July-September quarter marks seasonally subdued
demand additionally delayed monsoon have caused a further
contraction in aggregate rural demand," the company said.
The board of directors of the company has approved to
make effective the demerger of its passive infrastructure like
towers and power back-up plants to its wholly-owned subsidiary
Idea Cellular Towers Infrastructure.
Bureau Report
First Published: Monday, October 26, 2009, 19:36