ICICI Direct has come out with its first quarter (April-June’ 22) earnings estimates for the Telecom sector. The brokerage house expects Bharti Airtel to report net profit at Rs. 2,264 crore up 698.5% year-on-year (up 12.8% quarter-on-quarter).
Net Sales are expected to increase by 21.9 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 32,739 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 25.9 percent Y-o-Y (up 1.9 percent Q-o-Q) to Rs. 16,343 crore.