Idea Cellular Q3 net falls less than expected

Idea Cellular, India's fourth-biggest mobile carrier by subscribers, reported a less-than-expected 17.3 percent fall in quarterly profit, hit by foreign exchange losses and higher interest costs.

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Idea, part of India's Aditya Birla conglomerate, said consolidated net profit fell to 2.01 billion rupees for its fiscal third-quarter ended December from 2.43 billion rupees reported a year earlier.

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Analysts in a Reuters poll of brokerages on average expected net profit of 1.56 billion rupees for the Mumbai-based company in which Malaysia's Axiata (AXIA.KL) owns about a fifth.

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