Religare Research has come out with its first quarter (April-June) earnings estimates for the India Telecom sector. The brokerage house expects IDEA to report a 40.9 percent degrowth quarter-on-quarter (degrowth of 63.4 percent year-on-year) in PAT at Rs 340.4 crore.
Net Sales are expected to increase by 1.1 percent Q-o-Q (up 8.9 percent Y-o-Y) to Rs 9585.1 crore, according to Religare Research.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 2.5 percent Q-o-Q to Rs 3526.6 crore.
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