ICICI Direct has come out with its first quarter (April-June’ 18) earnings estimates for the Telecom sector. The brokerage house expects Bharti Infratel to report net profit at Rs. 626.3 crore up 3.4% quarter-on-quarter (down 5.7% year-on-year).
Net Sales are expected to decrease by 1.1 percent Q-o-Q (up 2.8 percent Y-o-Y) to Rs. 3,623.4 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 7.3 percent Q-o-Q (down 6.3 percent Y-o-Y) to Rs. 1,475.6 crore. – Money Control