INSUBCONTINENT EXCLUSIVE:
Telecom major Bharti Airtel is likely to report subdued financial results for the March quarter on Tuesday
There are expectations that muted ARPU (average revenue per user) on account of renewed competition from Reliance Jio will impact its India
Brokerage firms Kotak Securities and Sharekhan believe that the telecom major may report losses in Q4 FY18 for the first time in many years
Sharekhan had predicted a net loss of Rs 72 crore during the quarter under review
On the other hand, Kotak Securities projected Airtel to report a consolidated net loss of Rs 380 crore.
Motilal Oswal sees nearly 80 per
cent yearly fall in net profit of Bharti Airtel in January-March.
The company had last reported a net loss of Rs 7.07 crore in the third
quarter of FY03, according to data available with corporate database Capitaline.
Bharti Airtel may report 10.50 per cent year-on-year fall
in Q4 net sales, according to Sharekhan
an increase in content cost during the fourth quarter
The stock traded 0.64 per cent up at Rs 403.30 at around 9.50 am.
