ICICI Direct has come out with its second quarter (July-September' 18) earnings estimates for the Telecom sector. The brokerage house expects Sterlite Technologies to report net profit at Rs. 122.4 crore up 71.8% quarter-on-quarter (up 1.4% year-on-year).
Net Sales are expected to increase by 23.6 percent Q-o-Q (up 9.8 percent Y-o-Y) to Rs. 962.8 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 47.1 percent Q-o-Q (up 2.3 percent Y-o-Y) to Rs. 250.5 crore.
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Read More First Published on Oct 12, 2018 08:08 pm
