ICICI Direct has come out with its fourth quarter (January-March’ 21) earnings estimates for the Telecom sector. The brokerage house expects Bharti Airtel to report net profit at Rs. 169 crore (down 80.2% quarter-on-quarter).
Net Sales are expected to increase by 10.7 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 26,252.1 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 21.3 percent Y-o-Y (up 2.3 percent Q-o-Q) to Rs. 12,326.1 crore.
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