Idea Cellular Q3 net loss at Rs 384 crore

NEW DELHI: Aditya Birla-controlled telecom service provider Idea Cellular reported a consolidated net loss of Rs 383.8 crore in the quarter ended 31 December 2016-17.

However, India’s third-largest telecoms operator had posted a consolidated net profit of Rs 91.46 crore ($13.68 million) in the quarter ended 30 September 2016

A year ago, telecom service provider reported a profit of Rs 659.35 crore.

The company said that its total income also has decreased to Rs 8,706.36 crore for the quarter, from Rs 9,032.43 crore in the same period in the previous year.

On the other hand, the company's net debt stood at Rs 49,140 crore at the end of December 2016