New Delhi: Telecom major Idea Cellular’s on Saturday announced its net loss for March quarter at Rs. 327.7 crore, which hassled the Street expectations on the back of big gains in bottom line.
The company’s revenues were reported at Rs. 8126.1 crore, which came in line with the poll estimates of Rs. 8,135 crore, MoneyControl reported.
On the earnings front, the company reported its interest, taxes, depreciation and amortisation (EBITDA) at Rs 2,196 crore. The EBITDA margin was reported at 27 percent.
Overall fourth quarter for the quarter was expected to be as bad as Q3, given it was second consecutive quarter of Jio offering free services.
However, its competitor Bharti Airtel’s India revenue also declined 6.25 percent QoQ.
As compared to Bharti Airtel, Idea’s positioning posted a weaker base, considering 100 percent of its revenue coming from the domestic market. (ANI)