Idea Cellular strengthens on reporting 91% rise in Q4 net profit

Idea Cellular is currently trading at Rs. 143.40, up by 2.65 points or 1.88% from its previous closing of Rs. 140.75 on the BSE. The scrip opened at Rs. 144.25 and has touched a high and low of Rs. 145.70 and Rs. 141.05 respectively. So far 618984 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 188.35 on 15-Oct-2013 and a 52 week low of Rs. 115.40 on 30-Apr-2013. Last one week high and low of the scrip stood at Rs. 145.70 and Rs. 137.25 respectively. The current market cap of the company is Rs. 47138.77 crore. The promoters holding in the company stood at 45.81%, while Institutions and Non-Institutions held 21.92% and 32.27% respectively. Idea Cellular has posted a rise of 98.43% in its net profit at Rs 504.34 crore for the quarter ended March 31, 2014 as compared to Rs 254.16 crore for the same quarter in the previous year. Total income of the company increased by 16.50% at Rs 6950.10 crore for quarter under review as compared to Rs 5965.46 crore for the quarter ended March 31, 2013. On consolidated basis, the company has reported 91.37% rise in its net profit at Rs 589.77 crore for the quarter ended March 31, 2014 as compared to Rs 308.18 crore for the same quarter in the previous year. Total income of the company was up by 16.20% at Rs 7043.82 crore for quarter under review as compared to Rs 6061.38 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a jump of 106.45% in its net profit at Rs 1689.31 crore as compared to Rs 818.26 crore for the same period in the previous year. Total income of company improved by 18.52% at Rs 26179.47 crore for year under review as compared to Rs 22086.87 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a rise of 94.65% in its net profit at Rs 1967.82 crore as compared to Rs 1010.93 crore in FY13. Total income of company increased by 18.08% at Rs 26518.91 crore for year under review as compared to Rs 22457.65 crore for the period ended March 31, 2013.