Oct 17, 2016 05:57 PM IST IST | Source: Moneycontrol.com

Bharti Airtel Q2 PAT seen up 5% to Rs 952.4 cr: Kotak Sec.

Net Sales are expected to decrease by 5.1 percent Q-o-Q (up 1.7 percent Y-o-Y) to Rs 24236.5 crore, according to Kotak Securities.

Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Telecom sector. The brokerage house expects Bharti Airtel to report net profit at Rs 952.4 crore, up 5 percent quarter-on-quarter.

Net Sales are expected to decrease by 5.1 percent Q-o-Q (up 1.7 percent Y-o-Y) to Rs 24236.5 crore, according to Kotak Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 5.5 percent Q-o-Q (up 9.6 percent Y-o-Y) to Rs 9021.8 crore.

Kotak Securities' report on Bharti Airtel

At a consolidated level, we expect Bharti’s revenues and EBITDA to decline 5.1% and 5.5% qoq respectively, while growing at 1.7% and 9.6% yoy respectively. For Africa, we expect a sharp revenue and EBITDA decline of 14.5% and 22.5% qoq respectively.

We expect Bharti to report 3% qoq decline and 8.2% yoy growth in voice volumes to 305 bn minutes. Also expect a voice RPM decline of 2.1% qoq.

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