The Idea Cellular, mobile services supplier posted a 10.45% decline in its combined net profit at Rs 180 crore as in opposition to Rs 201 crore (QoQ) for the subsequent quarter of financial year 2011. Its combined net sales were approximately even at Rs 3,659 crore in opposition to Rs 3,654 crore, QoQ.

Investigating the numbers, Sanjay Chawla of Anand Rathi Financial Services, expressed near to the ground minutes and far above the ground costs dragged Idea’s EBITDA development inferior. Though the earnings per month dwindled for the company is reasonable. Thus the complete outcomes are under prospect.

Today the Telecom group Idea Cellular jumped almost four per cent in the in the early hours session on BSE, a day following it recorded limp second quarter outcome. Shares of the group commenced at the day on a unconstructive note and dwindled as much as 3.89 per cent to stroke an early low down of Rs 69 on the Bombay Stock Exchange.

The private telecom services provider, yesterday, had recorded a combined net profit of Rs 179.74 crore for the subsequent quarter concluding September 30, that as per to market specialist was less than the market prospects.