Idea Cellular Q2 standalone net profit plunge heavily at just Rs 4.3 crore due to pressure on voice business
Idea Cellular, India’s third largest telecom operator by users reported a massive sequential decline in its standalone net profit at Rs 4.3 crore for the July-September period, as compared to Rs 497.1 crore in April-June quarter. The company said that net profit was impacted by competitive pressures on the voice business, resulting in a sharp contraction in voice minutes. “With increasing proportion of rural subscribers, the seasonal slowdown in the second... Read More
