Stock Market

Bharti Airtel shares marginally up ahead of Q3

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Brokerages say Bharti Airtel is likely to report Rs 500-1,100-crore losses in the December quarter earnings.

HDFC Institutional Research is expecting Bharti Airtel to report 1.2 per cent growth in consolidated revenues and has anticipated annually a 17 per cent drop in Ebitda on YoY basis.

It sees Q3 losses at Rs 1,061 crore.

Motilal Oswal Securities is expecting the telecom operator to report Rs 520 crore loss for the quarter.

Kotak Securities projects Bharti's quarterly losses at Rs 990 crore.

"We are baking in zero forex losses/gains for the quarter; Q2FY19 had forex losses of Rs 535 crore," Kotak said.

Shares of the company traded 0.48 per cent up at Rs 304.80 on BSE around 10:35 am.




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