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Airtel expected to report Rs 81.3 crore net profit in OND 2020
Axis Capital expects Bharti Airtel to report an Rs 81.3 crore net profit in the December quarter, after reporting losses for six straight quarters. This is assuming there are no exceptionals such as regulatory costs or any accelerated write-offs towards network costs as in past quarters. Nitin Soni, senior director at global ratings firm, Fitch, too expects Airtel to report sequential Ebitda and revenue growth.
Axis Capital expects Jio to report 8.3% sequential rise in net profit while revenue is estimated to grow 3.7% on-quarter. Airtel’s consolidated revenue, in turn, is estimated to grow 3.8% sequentially. By contrast, the brokerage estimates Vi to report a 0.5% sequential dip in revenue with losses widening in the third quarter.
It estimates Airtel and Jio will have added 11 million and 6.1 million users quarter-on-quarter respectively, and Vi to have lost another 7 million users in the October-December period.
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