Shares of Idea Cellular on Monday tumbled over 8 percent after the company reported a consolidated loss of Rs325.6 crore in the three months to March 2017.
The stock tanked 8.28% to Rs84.65 on the BSE. On the NSE, it slumped 8.44% to Rs84.55. The results were announced on Saturday.
The company had posted a profit of Rs449.2 crore in the same period a year ago. For Idea, this is the second consecutive consolidated loss on a quarterly basis as the company viewed October-April as “particularly harsh” and a “period of telecom discontinuity”.
For the December 2016 quarter, Idea posted its first-ever consolidated net loss of Rs 383.87 crore compared to a net profit of Rs659.35 crore in the year-ago period.
Total revenues declined 13.7% to Rs 8,194.5 crore, from Rs 9,500.7 crore a year ago.
Contact Information For IDEA cellular In India
|Store Name||Address||Working Hours||Weekly Off||Service Offered|
|Sai Solutions||New No 258, Old No 205, Thambu Chetty Street, Parrys, Chennai – 600001||9:00 AM – 7:00 PM||SUNDAY||New Acquisitions, Recharge,Bill Payments,Sim replacement, Address change, Service enhancement,Bill related issues, VAS, Service Activation/Deactivation,Prepaid Document collection, Postpaid to Prepaid Migrations & Cancellations and Query Handling|
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