As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to soar to Rs.5,412 crore at 2.6% qoq; however, the same is likely to fall 5% yoy.
Reliance Communications Ltd., fourth largest telecom operator in India, will announce its financial results on May 12 for the fourth quarter ended March 31, 2016.
IIFL estimates the company’s net profit to rise to Rs.145 crore, to fall 36.4% yoy and 15.2% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to soar to Rs.5,412 crore at 2.6% qoq; however, the same is likely to fall 5% yoy.
Operating profit margin is likely to come in at 33.6%, to drop of 95 bps yoy and 18 bps on a yoy basis.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
Reliance Communications Ltd., fourth largest telecom operator in India, will announce its financial results on May 12 for the fourth quarter ended March 31, 2016.IIFL estimates the company’s net profit to rise to Rs.145 crore, to fall 36.4% yoy and 15.2% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to soar to Rs.5,412 crore at 2.6% qoq; however, the same is likely to fall 5% yoy.
Operating profit margin is likely to come in at 33.6%, to drop of 95 bps yoy and 18 bps on a yoy basis.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
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