IndianMascot
Core Member
Yup. telecom is volatile. But I think Reliance would be good to buy this time and sell out on Jio launch date
Idea Idea Q3 profit down
- Thread starter Technoglitch
- Start date
Reliance share has not gone anywhere in the last 5-6 years. The charm of Reliance is gone
IndianMascot
Core Member
But it will bounce on Jio Launch date
Reliance has no Reliance. I had few shares which I sold last year when the price reached my buying price
Technoglitch
Core Member
Idea Cellular on Thursday reported a 0.4 per cent year-on-year decline in its December quarter consolidated net profit at Rs 764.2 crore. This was lower than the Bloomberg consensus estimates of Rs 796 crore. Even on a sequential basis the net profit declined from Rs 809.26 crore posted in the September quarter. This is the second consecutive decline in net profit in the current financial year.
During the quarter, the firm reported a revenue of Rs 9,009.7 crore, a 12.4 per cent increase year-on-year, but marginally lower than consensus estimates of Rs 9,072 crore. In the September quarter, the firm had reported a revenue of Rs 8,689 crore.
Pricing pressure from mobile internet plans and cheaper call rates affected its net income during the quarter. Its income from voice dropped 10.6 per cent year-on-year to 31.8 paise per minute, including the impact of interconnect usage charges (IUC) rate cut that was effected in March 2015. The mobile internet margin or data realisation dropped sharply by 17.4 per cent from last year same period to 22.3 paise per megabyte (MB) during the quarter.
The company also raised its capital expenditure guidance for the current financial year to Rs 7,500 crore, up from Rs 6,500 crore earlier. This is the second time the company raised its expenditure estimate in the ongoing financial year from Rs 4,500 crore original estimate, as it ramped up its 3Gand 4G network in multiple services areas.
During the quarter, it launched 4G in December 2015 ahead of its earlier announcement to launch in 2016. The company said it raised capital expenditure guidance as it had to made additional investment in lieu of rolling out 4G network. Between April and December, the company has spent Rs 5,400 crore as capital expenditure.
In November, it had signed agreement to buy spectrum from Videocon for Rs 3,310 crore, though the deal is yet to be closed. Idea said it would set up payments bank in the second half of 2016 in association with Aditya Birla Nuvo.
Idea disappoints on weak voice, data pricing | Business Standard News
During the quarter, the firm reported a revenue of Rs 9,009.7 crore, a 12.4 per cent increase year-on-year, but marginally lower than consensus estimates of Rs 9,072 crore. In the September quarter, the firm had reported a revenue of Rs 8,689 crore.
Pricing pressure from mobile internet plans and cheaper call rates affected its net income during the quarter. Its income from voice dropped 10.6 per cent year-on-year to 31.8 paise per minute, including the impact of interconnect usage charges (IUC) rate cut that was effected in March 2015. The mobile internet margin or data realisation dropped sharply by 17.4 per cent from last year same period to 22.3 paise per megabyte (MB) during the quarter.
The company also raised its capital expenditure guidance for the current financial year to Rs 7,500 crore, up from Rs 6,500 crore earlier. This is the second time the company raised its expenditure estimate in the ongoing financial year from Rs 4,500 crore original estimate, as it ramped up its 3Gand 4G network in multiple services areas.
During the quarter, it launched 4G in December 2015 ahead of its earlier announcement to launch in 2016. The company said it raised capital expenditure guidance as it had to made additional investment in lieu of rolling out 4G network. Between April and December, the company has spent Rs 5,400 crore as capital expenditure.
In November, it had signed agreement to buy spectrum from Videocon for Rs 3,310 crore, though the deal is yet to be closed. Idea said it would set up payments bank in the second half of 2016 in association with Aditya Birla Nuvo.
Idea disappoints on weak voice, data pricing | Business Standard News
scorpionking76
EntMnt Knight
So it's as per street expectations.
scorpionking76
EntMnt Knight
I gained on idea stocks and that too on Intraday. Telecom sector is always good for Intraday.
Intraday is not my cup of tea. I have never done that and will never do it
Technoglitch
Core Member
What is Intraday?
scorpionking76
EntMnt Knight
Buying and selling on the same day per market movement