The Idea Cellular shares tanked as much as 8.28% to Rs84.65 on the BSE. On the NSE, the scrip slumped as much as 8.44% to Rs84.55. Photo: Hindustan TimesNew Delhi: Shares of Idea Cellular on Monday tumbled over 8% in the intra-day trading after the company reported a consolidated loss of Rs325.6 crore in the three months to March 2017. For Idea, this is the second consecutive consolidated loss on a quarterly basis as the company viewed October-April as “particularly harsh” and a “period of telecom discontinuity”. Total revenues declined 13.7% to Rs 8,194.5 crore, from Rs 9,500.7 crore a year ago.

Source: Mint May 15, 2017 07:46 UTC