Technoglitch
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Aditya Birla Group company Idea Cellular is likely to report profit degrowth in October-December quarter but revenue and volume may rebound from seasonally weak second quarter. Profit is seen falling 6 percent sequentially to Rs 760 crore while revenue may grow 3.9 percent to Rs 9,030 crore in quarter gone by, according to analysts polled by CNBC-TV18.
Earnings will be announced on January 21. Analysts expect volume growth of 4.5 percent at 198 billion minutes during the quarter compared to 189.5 billion minutes in preceding quarter. In Q2FY16, revenue declined 1.2 percent and volume was down 3.2 percent on sequential basis. Operating profit may rise 3.8 percent quarter-on-quarter to Rs 3,172 crore and margin may contract 6 basis points to 35.12 percent in Q3. Sequential margin trajectory in Q3FY16 is likely to be weaker than normal on account of accelerated network expansion and increased pressure on subscriber acquisition costs driven by likely increase in churn rates.
Idea Q3 profit seen down 6%, pricing pressure may continue - Moneycontrol.com
Earnings will be announced on January 21. Analysts expect volume growth of 4.5 percent at 198 billion minutes during the quarter compared to 189.5 billion minutes in preceding quarter. In Q2FY16, revenue declined 1.2 percent and volume was down 3.2 percent on sequential basis. Operating profit may rise 3.8 percent quarter-on-quarter to Rs 3,172 crore and margin may contract 6 basis points to 35.12 percent in Q3. Sequential margin trajectory in Q3FY16 is likely to be weaker than normal on account of accelerated network expansion and increased pressure on subscriber acquisition costs driven by likely increase in churn rates.
Idea Q3 profit seen down 6%, pricing pressure may continue - Moneycontrol.com
