Idea Cellular net profit down 39%, revenue up 13%
Idea Cellular, the country’s third largest telco, reported 39% decline in the net profit for the consolidated third-quarter at Rs 575.6 crore, compared to Rs 941.8 crore a year earlier. The company’s net profit for hurt by a sharp increase in depreciation & amortisation besides interest costs to service debt taken on spectrum buys, the company said in a statement, adding that the net profit was further dragged due to a... Read More