Idea Cellular rings loud on robust Q3 financials
Idea Cellular advanced 3.21% to Rs 43.40 at 10:43 IST after the company reported 19.7% increase in net profit to Rs 284.01 crore in Q3 December 2008 over Q3 December 2007.

The company declared the results after market hours yesterday, 22 January 2009.
Meanwhile, the BSE Sensex was down 49.20 points, or 0.56%, to 8764.64.
On BSE, 4.29 lakh shares were traded in the counter. The scrip had an average daily volume of 14.20 lakh shares in the past one quarter.
The stock hit a high of Rs 44.80 and a low of Rs 43.10 so far during the day. The stock had a 52-week high of Rs 129.30 on 4 February 2008 and a 52-week low of Rs 34.05 on 27 October 2008.
The stock had underperformed the market over the past one month till 22 January 2009, falling 18.43% as compared to the Sensex's 11.23% fall. It had, however, outperformed the market in the past one quarter, falling 11.57% as compared to the Sensex's fall of 13.33%.
India's third largest listed GSM-led mobile operator by sales has an equity capital of Rs 3100.09 crore. Face value per share is Rs 10.
The current price of Rs 43.40 discounts its Q3 December 2008 annualised EPS of Rs 3.66, by a PE multiple of 11.85.
Idea Cellular's sales rose 52.5% to Rs 2604.47 crore in Q3 December 2008 over Q3 December 2007.
On a consolidated basis, Idea's net profit fell 7.3% to Rs 219.45 on a 59.7% increase in sales to Rs 2728.56 crore in Q3 December 2008 over Q3 December 2007.
Idea Cellular mentioned that its stake in Spice Communications stood at 41.09%, following purchase of shares held by MCorp Global Communications and completion of open offer to up to 20% equity stake in the company. Idea had announced the acquisition of Spice Communications in June 2008.
Aditya Birla group firm Idea Cellular is a wireless telecom services provider company,