MUMBAI Oct 22 Indian mobile phone carrier Idea
Cellular on Monday reported its quarterly profit more
than doubled, as expected, on the back of higher revenue.
Idea, a part of the Aditya Birla conglomerate, said
consolidated net profit rose to 2.4 billion rupees ($44.9
million) for the fiscal second quarter ended September from 1.06
billion rupees a year earlier.
Analysts on average had expected the company to report a net
profit of 2.41 billion rupees, according to ThomsonReuters
Idea, in which Malaysia's Axiata owns about a
fifth, ranks fourth by subscribers. It had about 116 million
mobile customers as of August.
($1= 53.50 rupees)
(Reporting by Aradhana Aravindan; Editing by Subhranshu Sahu)