Tata Communication Q4 PAT to Rs. 273 cr: ICICI Direct

ICICI Direct has come out with its fourth quarter (January-March’ 21) earnings estimates for the Telecom sector. The brokerage house expects Tata Communication to report net profit at Rs. 273 crore (down 11.7% quarter-on-quarter).

Net Sales are expected to decrease by 2.1 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 4,306.5 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 16.7 percent Y-o-Y (down 3.1 percent Q-o-Q) to Rs. 1,013.5 crore.

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