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

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.

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.