ICICI Securities has come out with its first quarter (April-June) earnings estimates for the Telecom sector. The brokerage house expects Bharti Airtel to report net profit at 255.5 crore down 30.4 percent quarter-on-quarter (82.5percent year-on-year).
Net Sales are expected to decrease by 1.7 percent Q-o-Q (down 12.3 percent Y-o-Y) to Rs 21640.3 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to fall by 3.8 percent Q-o-Q (down 20.6 percent Y-o-Y) to Rs 7506.9 crore. – Money Control