Nirmal Bang has come out with its first quarter (April-June) earnings estimates for the telecom sector. The brokerage house expects Idea Cellular to report a 18.7 percent growth quarter-on-quarter (growth of 56.2 percent year-on-year) in net profit at Rs 365.7 crore.
Revenues are expected to increase by 6.1 percent Q-o-Q (up 16.8 percent Y-o-Y) to Rs 6,428.5 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 10 percent Q-o-Q (up 28.2 percent Y-o-Y) to Rs 1,840.8 crore.
EBITDA margin or operating profit margin is likely to be at 28.6 percent in June quarter as against 27.6 percent in March quarter.
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