Idea Cellular Ltd rose as much as 4.9 per cent in trade on Tuesday, a day after the telecom major reported 57 per cent jump in its net profit number for the quarter ended June 30.
At 09:20 a.m.; Idea Cellular was trading 3.7 per cent higher at Rs 144.95. It hit a low of Rs 144.20 and a high of Rs 146.60 in trade today.
The country's No. 3 carrier said net profit rose to Rs 728.2 crore for the quarter ended June 30 fromRs 462.7 crore a year earlier. Analysts had expected net profit at about Rs 629 crore. Revenue climbed 16 per cent to Rs 7,561.0 crore.
The Aditya Birla Group company expanded its operating margin to 33.2 per cent from 31.7 per cent in the previous quarter. ARPM in the April-June period rose to 45.1 paise from 43.6 paise in the previous quarter ended March 31, Idea said.
Over the past six quarters, the telecom industry has benefited from reduced competition, which allowed operators to increase effective call rates by cutting free minutes on calls, ET reported.
This trend continues, helping telecom companies to improve key parameters such as average revenue per user (ARPU) and average realisation per minute (ARPM), added the report.
At 09:20 a.m.; Idea Cellular was trading 3.7 per cent higher at Rs 144.95. It hit a low of Rs 144.20 and a high of Rs 146.60 in trade today.
The country's No. 3 carrier said net profit rose to Rs 728.2 crore for the quarter ended June 30 fromRs 462.7 crore a year earlier. Analysts had expected net profit at about Rs 629 crore. Revenue climbed 16 per cent to Rs 7,561.0 crore.
The Aditya Birla Group company expanded its operating margin to 33.2 per cent from 31.7 per cent in the previous quarter. ARPM in the April-June period rose to 45.1 paise from 43.6 paise in the previous quarter ended March 31, Idea said.
Over the past six quarters, the telecom industry has benefited from reduced competition, which allowed operators to increase effective call rates by cutting free minutes on calls, ET reported.
This trend continues, helping telecom companies to improve key parameters such as average revenue per user (ARPU) and average realisation per minute (ARPM), added the report.
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