Axis Securities expects a net loss of Rs 770 crore for Q2 on pricing pressure, weak seasonality and Telenor impact as well.
Shares of Bharti Airtel slipped more than 4 percent in the early trade on Thursday ahead of its second quarter numbers to be declared later today.
The company could widen net loss in the range of Rs 110-770 crore and brokerages believe that rising diesel cost could have also impacted the financials.
Motilal Oswal expects a net loss of Rs 110 crore for the September quarter. It expects revenue to grow 2 percent to Rs 20,120 crore as ‘decline in India wireless business could be arrested’.
Emkay expects a wider net loss of Rs 341.6 crore on the back of continued competitive intensity.
Axis Securities, meanwhile, expects a net loss of Rs 770 crore for Q2 on pricing pressure, weak seasonality and Telenor impact as well.
At 09:19 hrs Bharti Airtel was quoting at Rs 303.65, down Rs 13.10, or 4.14 percent.
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