Jio Q1 PAT seen up 26.2% YoY to Rs. 4,420 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 Jio to report net profit at Rs. 4,420 crore up 26.2% year-on-year (up 5.9% quarter-on-quarter).

Net Sales are expected to increase by 19.9 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 21,582 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 25.1 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs. 10,782 crore.

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