ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Telecom sector. The brokerage house expects Tata Communication to report net profit at Rs 304 crore down 20.9% year-on-year (up 2.7% quarter-on-quarter).
Net Sales are expected to decrease by 4.5 percent Y-o-Y (up 2.4 percent Q-o-Q) to Rs 4,202 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 11.7 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs 1,022 crore.
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