ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Telecom sector. The brokerage house expects Indus Towers to report net profit at Rs. 1,533 crore up 12.8% year-on-year (down 1.6% quarter-on-quarter).
Net Sales are expected to increase by 3 percent Y-o-Y (up 0.9 percent Q-o-Q) to Rs. 6,941 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.1 percent Y-o-Y (up 1.1 percent Q-o-Q) to Rs. 3,662 crore.
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