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Idea Cellular fell 7% after posting Q3 loss of Rs 385 crores

Idea Cellular fell 7% after posting Q3 loss of Rs 385 crores

Monday, February 13, 2017, 3:14 PM

Idea Cellular’s shares on Monday fell 7.5%, after the company posted a net loss in the quarter ended December 2016. The operator had posted a consolidated loss of Rs 385.6 crores in the quarter ended December 2016 against profit of Rs. 90.04 crores in the previous quarter. This was because of demonetization and Reliance Jio’s free offer.
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