Gold Silver Reports (GSR) – Idea Cellular Stock Rises After Loss Narrows In March Quarter – Shares of the country’s third largest wireless carrier rose as much as 4.65 percent, the most in nearly four months, to Rs 72 after its loss narrowed in December-March quarter.
Key earnings highlights:
Revenue down 6 percent to Rs 6,137 crore versus Rs 6510 crore
EBITDA up 18 percent to Rs 1,447 crore versus Rs 1,224 crore
EBITDA Margins at 23.6 percent versus Rs 18.8 percent
Net loss at Rs 962 crore versus net loss of Rs 1,285 crore
Other income up 6 times to Rs 250 crore versus Rs 42 crore
Indian equity benchmarks edged higher led by HDFC twins, State Bank of India and Sun Pharma.
The NSE Nifty 50 index rose 0.5 percent or 53 points to 10,746 and the S&P BSE Sensex advanced 0.5 percent or 196 points to 35,152.
Sixteen out of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Realty index’s 0.9 percent gain. On the other hand, the S&P BSE Energy index was the top sectoral loser, down 0.5 percent.
