Bharti Airtel Q2 PAT seen up 9% to Rs 831 cr
Country's largest telecom operator Bharti Airtel is set to declare its second quarter earnings on Wednesday. Analysts on an average expect the profit after tax to grow by 9 percent quarter-on-quarter to Rs 831 crore in the quarter.
November 07, 2012 / 09:00 IST
Country's largest telecom operator Bharti Airtel is set to declare its second quarter earnings on Wednesday. Analysts on an average expect the profit after tax to grow by 9 percent quarter-on-quarter to Rs 831 crore in the quarter.
Revenues are seen going up by 0.8 percent to Rs 19,512 crore from Rs 19,350.1 crore during the same period. Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to increase marginally to Rs 5,916 crore in the three months period ended September 2012 from Rs 5,849 crore in the previous quarter. EBITDA margin is expected to be at 30.31 percent as against 30.22 percent during the same quarters.India and SA wireless business Revenues are likely to fall by 1.5 percent QoQ to Rs 10,525 crore while EBITDA is seen falling to Rs 3,180 crore from Rs 3,235 crore.EBITDA margin is expected to decline marginally to 30.2 percent versus 30.27 percent QoQ.India and SA wireless metrics Average revenue per user is seen falling by 3.2 percent QoQ to Rs 179. Minutes of usage is expected to be at 419 as against 433 during the same period.Africa divisionRevenues are likely to go up by 4.2 percent QoQ to Rs 6,000 crore in the second quarter of current financial year. Analysts feel EBITDA will grow by 7.6 percent QoQ to 1,605 crore for the quarter. Margin improved by 80 basis points QoQ to 26.7 percent.The company disappointed the street in previous quarter and saw big EPS downgrades post earnings.EBITDA margin fell by 300 basis points QoQ in first quarter of FY13 due to increase in SG&A (which rose 9 percent QoQ) and network operating cost (which went up 7 percent) while volume were inline at 3.8 percent.Post results, the street scaled down margins expectations to 30-31 percent as against earlier expectations of 32-34 percent.Analysts say the September quarter is seasonally a weak quarter. Industry has been focused on reducing subscriber acquisition cost and hence, analysts expect flat margins. Investors should watch out for margins and volume growth for the quarter.The stock crashed from Rs 300 to Rs 250 post Q1 and since then it has been hovering in the range of Rs 240-280. In the year 2012, it has lost 20 percent. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
