Jio Q3 PAT seen up 11.7% YoY to Rs. 3,675 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Telecom sector. The brokerage house expects Jio to report net profit at Rs. 3,675 crore up 11.7% year-on-year (up 4.2% quarter-on-quarter).

Net Sales are expected to increase by 4.8 percent Y-o-Y (up 3.5 percent Q-o-Q) to Rs. 19,387 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 15 percent Y-o-Y (up 3.8 percent Q-o-Q) to Rs. 9,333 crore.

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