India's Idea Q4 net profit jumps 90 pct, beating estimates
NEW DELHI, April 28
NEW DELHI, April 28 (Reuters) - Idea Cellular Ltd, India's third-biggest mobile phone carrier, reported a 90 percent jump in quarterly net profit, beating estimates, on higher voice call prices.
Idea, part of the Aditya Birla conglomerate and nearly a fifth owned by Malaysia's Axiata, said consolidated net profit rose to 5.9 billion rupees ($97.3 million) for its fourth quarter ended March 31, from 3.1 billion rupees reported a year earlier.
Analysts on average had expected Idea to report a net profit of 5.25 billion rupees, according to Thomson Reuters data. ($1 = 60.6550 Indian Rupees) (Reporting by Devidutta Tripathy and Aradhana Aravindan; Editing by Matt Driskill and Anand Basu)