Idea Cellular Q1 net surges 15%

Idea Cellular Q1 net surges 15%Idea Cellular, part of the Aditya Birla group, has posted a growth of 14.72 per cent in its net profit for the quarter ended 30 June at Rs 309.21 crore, compared with Rs 269.53 crore in the previous corresponding quarter.

The telecom service provider's net sales during the quarter rose to Rs 2,817.94 crore from Rs 2,173.18 crore last year, up 29.66 per cent. The company's profit from operations before other income, charges and tax stood at Rs 396.64 crore against Rs 453.83 crore, down 12.61 per cent.

On a consolidated basis, the company registered a net profit after tax (PAT) of Rs 297.06 crore for the quarter ended June 30, 2009 as compared to Rs 263.09 crore for the quarter ended June 30, 2008.

Further, the company has also witnessed decent increase in consolidated total income, which surged from Rs 2178.07 crore for the quarter ended June 30, 2008 to Rs 2975.90 crore for the quarter ended June 30, 2009.