Indus Towers Q1 PAT seen up 6.7% YoY to Rs. 1,510 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 22) earnings estimates for the Telecom sector. The brokerage house expects Indus Towers to report net profit at Rs. 1,510 crore up 6.7% year-on-year (down 17.4% quarter-on-quarter).

Net Sales are expected to increase by 2.2 percent Y-o-Y (down 2.3 percent Q-o-Q) to Rs. 6,949 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.7 percent Y-o-Y (down 9.3 percent Q-o-Q) to Rs. 3,683 crore.

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