ICICI Direct has come out with its first quarter (April-June’ 22) earnings estimates for the Telecom sector. The brokerage house expects Tata Communication to report net profit at Rs. 265 crore down 10.6% year-on-year (down 27.5% quarter-on-quarter).
Net Sales are expected to increase by 4.9 percent Y-o-Y (up 0.9 percent Q-o-Q) to Rs. 4,303 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1.8 percent Y-o-Y (down 4 percent Q-o-Q) to Rs. 1,004 crore.