Telecom operator Idea Cellular said it has nearly doubled consolidated net profit at Rs 462.71 crore in the first quarter ended June 30, 2013, on the back of robust voice and mobile data revenue.
The company registered net profit of Rs 234.14 crore during the same period a year ago.
"The multiple drivers of this sharp profitable growth have been robust voice and mobile data revenue coupled with scale benefits and better cost management," Idea Cellular said in a statement.
The consolidated revenues of the company increased 19 per cent to Rs 6,538.77 crore during the reported quarter from Rs 5,503.69 crore posted in corresponding period of last fiscal.
Idea said its minutes of voice calls increased by 12.5 per cent on year-on-year basis to 147.3 billion in Q1 of FY 2013-14, supported by net annual new customer addition of 7.8 million and cumulative subscriber base reaching 125 million as on June 30, 2013.
Read More