ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Telecom sector. The brokerage house expects Sterlite Technologies to report net profit at Rs. 84.7 crore up 61% year-on-year (up 44.9% quarter-on-quarter).
Net Sales are expected to increase by 5 percent Y-o-Y (up 8.9 percent Q-o-Q) to Rs. 1,263.2 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 2.7 percent Y-o-Y (up 16.1 percent Q-o-Q) to Rs. 234.9 crore.
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