Apart from the above, companies like ACS Technologies, Andhra Paper, BEML, Avanti Feeds, Bharti Hexacom, Brigade Enterprises, Exicom Tele Systems, Genus Prime Infra, HG Infra Engineering, Palm Jewels, Paos Industries, Tata Chemicals among others will also declare their June quarter results.
Bharti Airtel Q1 expectations
Telecom major Bharti Airtel is expected to report a revenue of Rs 38,488 crore for the quarter ended June 2024, according to average estimates of four brokerages. This translates into a 2.6% jump on a year-on-year basis. The net profit after tax (PAT) was estimated in a wide range between Rs 3,922-2,068 crore.
The highest revenue expectation is from Axis Securities at Rs 38,996 crore, while lowest by Prabhudas Lilladher at Rs 38,164 crore. Meanwhile, Nuvama Institutional Equities and BNP Paribas have pegged it at Rs 38,600 crore and Rs 38,191 crore, respectively.
The highest estimate of net profit has been given by Nuvama, while lowest by Axis Securities. Among the four brokerages, Prabhudas is the only one to have estimated a climbdown in the company’s adjusted PAT.In the April-June quarter, brokerages have highlighted muted growth in its DTH business, flattish ARPU (average revenue per user) and depreciation in Naira to be headwinds in Airtel’s quarterly performance.The sector growth rate is set to accelerate from 2QFY25 as companies announced tariff hikes in the last week of June.Prabhudas Lilladher has pegged Airtel’s adjusted PAT at Rs 3,647 crore for, which it said is expected to go down by 3.6% on a YoY basis while marginally gaining on the QoQ basis at 0.4%.
“We have factored in net subscriber addition of 4 million and ARPU [average revenue per user] of Rs 210 in Q1. Africa, enterprise and home services will show steady growth ahead, while DTH business will be muted,” the brokerage said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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