Tata Communication Q3 PAT seen up 385% YoY to Rs. 283.9 cr: ICICI Direct

Net Sales are expected to increase by 1.5 percent Y-o-Y (down 2.4 percent Q-o-Q) to Rs. 4,294.1 crore, according to ICICI Direct.

January 14, 2021 / 08:32 PM IST
 
 
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ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Telecom sector. The brokerage house expects Tata Communication to report net profit at Rs. 283.9 crore up 385% year-on-year (down 26.2% quarter-on-quarter).

Net Sales are expected to increase by 1.5 percent Y-o-Y (down 2.4 percent Q-o-Q) to Rs. 4,294.1 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 40 percent Y-o-Y (down 8 percent Q-o-Q) to Rs. 1,064.9 crore.

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