Bharti Airtel Q3 PAT seen up 26% at Rs 910cr: Angel

Angel Broking has come out with its earnings estimates on Bharti Airtel for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 0.7% at Rs 20,415 crore, quarter-on-quarter (QoQ) basis.
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Jan 08, 2013, 12.44 PM | Source: Moneycontrol.com

Bharti Airtel Q3 PAT seen up 26% at Rs 910cr: Angel

Angel Broking has come out with its earnings estimates on Bharti Airtel for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 0.7% at Rs 20,415 crore, quarter-on-quarter (QoQ) basis.

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Bharti Airtel Q3 PAT seen up 26% at Rs 910cr: Angel

Angel Broking has come out with its earnings estimates on Bharti Airtel for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 0.7% at Rs 20,415 crore, quarter-on-quarter (QoQ) basis.

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, Angel Broking |

Angel Broking has come out with its earnings estimates on Bharti Airtel for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 0.7% at Rs 20,415 crore, quarter-on-quarter (QoQ) basis.

The company's net profit is seen up 26.2% at Rs 910 crore, QoQ.

Angel Broking report says, "In our view, telecom industry can improve structurally only after  data revenues start picking up which still looks far. Telecom  stocks are currently trading at close-to-moderate valuations,  which we believe, is justified given the low business returns and  partially uncertain environment which might pose huge risk to  the overall profitability of these companies. We are currently  neutral on the telecom sector and will refrain from taking any  call till financial clarity on the stocks emerges. Bharti continues to be our preferred pick amongst telcos due to its low-cost  integrated model (owned tower infrastructure), potential  opportunity to scale up in Africa, established leadership in revenue and subscriber market share, relatively better KPIs and  upside in stock price on account of listing of Bharti Infratel."

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