ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Telecom sector. The brokerage house expects Bharti Infratel to report net profit at 659 crore down 0.7% quarter-on-quarter (14.8% year-on-year).
Net Sales are expected to increase by 3.1 percent Q-o-Q (up 9.8 percent Y-o-Y) to Rs. 1642.8 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 2.1 percent Q-o-Q (up 15.9 percent Y-o-Y) to Rs. 798.2 crore.
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