KR Choksey has come out with its earnings estimates on Idea Cellular for March FY12. According to the research firm Idea's Q4FY12 sales are likely to go up by 7% at Rs 5,383 crore, quarter on quarter, (QoQ) basis.
The company's net profit is seen up 20% at Rs 242 crore, QoQ.
KR Choksey earnings estiamtes on Idea for Q4FY12:
Revenue growth of 27% Y-o-Y is derived by higher subscriber base and sustained ARPU.
Cost rationalisation to lead EBITDA to improve by 36% Y-o-Y.
Net profit to decrease on account of higher interest expenses and amortisation.
Marginal improvement in operating margins lead by lower operating cost.
Net margins to decline by 198 bps due to increase interest expenses and amortisation.
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