At 10:13 am, Reliance Communications was quoting at Rs 674.90, down Rs 27.25, or 3.88%. It has touched an intraday high of Rs 702.15 and an intraday low of Rs 670.25.
It was trading with volumes of 209,872 shares. On Friday the share closed down 3.73% or Rs 27.20 at Rs 702.15.
At 10:40 am, Videsh Sanchar Nigam, VSNL was quoting at Rs 607.70, down Rs 33.35, or 5.2%. It has touched an intraday high of Rs 635 and an intraday low of Rs 595.
The ADR was up 2.33%.It was trading with volumes of 20,531 shares. On Friday the share closed down 2.75% or Rs 18.10 at Rs 641.05.
Idea Cellular has announced its third quarter numbers. It has posted net profit of Rs 236.77 crore for the quarter ended December 2007 as against Rs 220.3 crore in previous quarter.
Key takeaways from Idea Cellular concall
- Consolidated Q3 results revenue grew by 48% at Rs 17103 mn, EBITDA by 51% at Rs 5694 mn, PAT by 108% at Rs 2368 mn (YoY)
- Subscriber base of 21.05 mn (added 2.38 mn subscribers during the quarter)
- Current 11 service areas of operation, Idea increased subscriber market share from 15.6% to 15.8%
- Cconsolidated revenues grew by 9.3% and EBITDA grew by 11% (QoQ)
- Received the spectrum to launch operations in Mumbai and Bihar service areas
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