Idea Cellular Q3 net up 14 %, lags estimates

Last Updated: Tue, Jan 29, 2013 11:15 hrs

India's Idea Cellular Ltd reported a 14 percent increase in quarterly profit, the third straight quarter of earnings growth for the country's No. 3 mobile carrier by revenue, though the rise was smaller than expected.

Idea, part of the Aditya Birla conglomerate, said consolidated net profit rose to 2.29 billion Indian rupees ($42.5 million) for its fiscal third quarter ended Dec. 31, from 2.01 billion rupees reported a year earlier.

Analysts had expected the company to report net profit of 2.65 billion rupees, according to Thomson Reuters I/B/E/S.

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