Indus Towers Q3% seen up 12.8% YoY to Rs. 1,533 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Telecom sector. The brokerage house expects Indus Towers to report net profit at Rs. 1,533 crore up 12.8% year-on-year (down 1.6% quarter-on-quarter).

Net Sales are expected to increase by 3 percent Y-o-Y (up 0.9 percent Q-o-Q) to Rs. 6,941 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.1 percent Y-o-Y (up 1.1 percent Q-o-Q) to Rs. 3,662 crore. MoneyControl