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Idea Cellular slips on reporting consolidated net loss of Rs 1106.80 crore in Q2

13 Nov 2017 Evaluate

Idea Cellular is currently trading at Rs. 95.30, down by 1.75 points or 1.80% from its previous closing of Rs. 97.05 on the BSE.

The scrip opened at Rs. 99.90 and has touched a high and low of Rs. 99.90 and Rs. 91.30 respectively. So far 22,94,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 123.75 on 20-Mar-2017 and a 52 week low of Rs. 66.60 on 13-Jan-2017.

Last one week high and low of the scrip stood at Rs. 106.70 and Rs. 91.30 respectively. The current market cap of the company is Rs. 34,341.00 crore.

The promoters holding in the company stood at 42.38%, while Institutions and Non-Institutions held 35.04% and 22.58% respectively.

The company has reported a net loss of Rs 1236.80 crore for second quarter ended September 30, 2017 as compared to a net loss of Rs 42.80 crore for the same quarter in the previous year. The total income of the company decreased by 20.45% at Rs 7387.50 crore for Q2FY18 as compared Rs 9286.40 crore for the corresponding quarter previous year.

On consolidate basis, the company has reported a net loss of Rs 1106.80 crore for the quarter under review as compared to a net profit of Rs 90.10 crore for the corresponding quarter in the FY17. Total consolidated income of the company declined 20.35% at Rs 7510.90 crore for quarter under review as compared to Rs 9429.40 crore for the same quarter ended previous year.


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