Tata Communication Q1 PAT may dip 10.6% YoY to Rs. 265 cr: ICICI Direct

Tata Communications  | In FY21 so far, the stock has risen 342 percent to Rs 1030.90 as on January 25, 2021, from Rs 233.20 as on March 31, 2020. MFs increased their holding in each quarter of the fiscal - June quarter: 0.04% September quarter: 0.38%, and December quarter: 0.41%.

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ICICI Direct has come out with its first quarter (April-June’ 22) earnings estimates for the Telecom sector. The brokerage house expects Tata Communication to report net profit at Rs. 265 crore down 10.6% year-on-year (down 27.5% quarter-on-quarter).

Net Sales are expected to increase by 4.9 percent Y-o-Y (up 0.9 percent Q-o-Q) to Rs. 4,303 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1.8 percent Y-o-Y (down 4 percent Q-o-Q) to Rs. 1,004 crore.

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