Idea Cellular Surges As Q4 Results Beat Estimates.

A construction supervisor speaks on a mobile phone amid rolls of underground telephone cable pipes on the outskirts of Hyderabad
Idea Cellular has reported a rise of 33.78% in its net profit at Rs 254.16 crore for the quarter ended March 31, 2013 as compared to Rs 189.98 crore for the same quarter in the previous year. Total income of the company has increased by 12.67% at Rs 5965.46 crore for quarter under review as compared to Rs 5294.62 crore for the quarter ended March 31, 2012.

On the consolidated basis, the company has reported a rise of 28.96% in its net profit at Rs 308.18 crore for the quarter ended March 31, 2013 as compared to Rs 238.98 crore for the same quarter in the previous year. Total income of the company has increased by 12.88% at Rs 6061.38 crore for quarter under review as compared to Rs 5369.69 crore for the quarter ended March 31, 2012.

For the year ended March 31, 2013, the company has posted a rise of 41.92% in its net profit at Rs 818.26 crore as compared to Rs 576.54 crore for the same period in the previous year. Total income has increased by 14.31% at Rs 22086.87 crore for year under review as compared to Rs 19322.33 crore for the period ended March 31, 2012.

For the year ended March 31, 2013, on the consolidated basis, the company has posted a rise of 39.83% in its net profit at Rs 1010.93 crore as compared to Rs 722.99 crore for the same period in the previous year. Total income increased by 14.92% at Rs 22457.65 crore for year under review as compared to Rs 19541.16 crore for the period ended March 31, 2012.

The shares of Idea Cellular are currently trading at Rs 124, up 6%. The shares  traded between Rs 121.60 & Rs 128.60 on the NSE with a huge volume of more than 91 lacs upto 1pm.