ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Telecom sector. The brokerage house expects Tata Communication to report net profit at Rs. 43.1 crore.
Net Sales are expected to increase by 1.2 percent Q-o-Q (down 3.2 percent Y-o-Y) to Rs. 4362.6 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 4.9 percent Q-o-Q (down 11.5 percent Y-o-Y) to Rs. 586 crore. – Money Control