INSUBCONTINENT EXCLUSIVE:
a sizeable loss in the fiscal second quarter ended September 30, paced by low subscriber additions and rising 4G network expansion costs.
No
though, is likely to yet again outshine older rivals by reporting a higher net profit, propelled by strong customer adds and healthy uptake
of its 4G feature-phones.
For Vodafone Idea, brokerages IIFL Institutional Equities and ICICI Securities estimated a net loss in the
vicinity of ?2,600 crore, although Credit Suisse pegged it lower at ?1050.5 crore
Revenue is estimated to be in the ?7,813-8,106 crore range for the September quarter.
Brokerages expect Bharti Airtel to report a net loss
in the range of ?8.4 crore to ?1,266 crore
The company had posted a ?97.3 crore net profit in the June quarter, helped by a one-time exceptional gain, and a ?343 crore net profit in
depreciation and interest costs in the September quarter
the quarter is expected to widen the losses by as much as ?500 crore, said brokerage CLSA
to report its fourth successive quarter in the black, with analysts pencilling in a higher net profit in the ?622-795 crore range, propelled
by 33 million subscriber adds during the July-September period.
Shares in Vodafone Idea closed nearly 1 per cent lower on BSE on Friday at
?33.55, while the Bharti Airtel scrip fell nearly 4.3 per cent to ?296.75.
BNP Paribas expects VIL and Airtel to report another weak
the July-September period, which will particularly hit prepaid revenues of the two incumbent carriers.
Vodafone Idea, it said, might also
Airtel to report strong performance in Africa amid stable local currencies, and estimates 6 per cent sequential growth in quarterly revenues
its Africa business, and later selling its stake in the Bharti Infratel-Indus (combined tower entity) would be important for the Sunil
quarter to fall 6.7 per cent from ?21,777 crore a year ago
