Revenue growth of telcos likely to be sluggish in Q3

JPL’s profit after tax (PAT) for the quarter is expected to be flat at ₹4,753.8 crore as the company recognises a portion of 4G spectrum cost, said ICICI Securities. The firm expects Bharti Airtel to benefit from lower forex in the quarter, pushing its PAT up nearly 49% quarter-on-quarter to ₹3,194.5 crore. I-Sec pegged Vi’s December quarter loss, amid continuing customer churn, to be almost flat at ₹7,536 crore compared with ₹7,595 crore in the July-September quarter.

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