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RComm Q2 PAT seen up 6% at Rs 138.3cr: Motilal Oswal

Sales of Reliance Communications are expected to decrease by 1.2 percent Q-o-Q (up 2.8 percent Y-o-Y) to Rs 5345.8 crore, according to Motilal Oswal.

November 12, 2013 / 11:05 AM IST
 
 
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Motilal Oswal has come out with its second quarter (July-September) earnings estimates for the telecom sector. The brokerage house expects Reliance Communications (RComm) to report a 6.1 percent growth quarter-on-quarter (up 4.6 percent Y-o-Y) in net profit at Rs 138.3 crore.


Sales of Reliance Communications are expected to decrease by 1.2 percent Q-o-Q (up 2.8 percent Y-o-Y) to Rs 5345.8 crore, according to Motilal Oswal.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 1.6 percent Q-o-Q (up 2.2 percent Y-o-Y) to Rs 1673.5 crore.


Motilal Oswal's Report on Reliance Communications:


The broking firm expect revenues to decline 1.2 percent Q-o-Q to INR 53.4 billion.


After 4 percent RPM growth in 1QFY14, we expect RPM to remain flat at INR 0.46.


With lower impact of seasonality on RComm, wireless traffic decline is likely to be relatively lower at 1.2 percent to 104b minutes.


Consolidated EBITDA is likely to decline 2 percent Q-o-Q to INR 16.7 billion.


RCom to report proforma PAT of INR 1.38 billion.


RComm trades at an EV/EBITDA of 9.3x FY14E and 7.4x FY15E.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

first published: Nov 12, 2013 11:05 am

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