Bharti Airtel Q1 profit seen up 28% at Rs 650 cr QoQ: Poll

Country's largest telecom operator Bharti Airtel will declare its first quarter numbers on Wednesday. Analysts on an average expect the consolidated profit after tax to rise 27.8 percent quarter-on-quarter to Rs 650 crore, according to a CNBC-TV18 poll.

In fact, analysts expect the profit in the range of Rs 320 to Rs 970 crore for the quarter.





The profit in March quarter was impacted by Rs 133 crore of deferred tax liability and Rs 203 crore of pre-tax forex loss. Usually tax and forex are very hard to predict; hence profit range is so wide.



Revenues may increase 4.3 percent to Rs 21,339 crore in April-June quarter from Rs 20,448.4 crore in previous quarter.



Earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to rise 4.3 percent Q-o-Q to Rs 6,767 crore during the first quarter.



Operating profit margin may be unchanged at 31.7 percent in June quarter.



Expectations from the top telecom operator are high in June quarter as Vodafone reported very strong results.



India and South Africa wireless business



Analysts expect revenues to grow by 4 percent Q-o-Q to Rs 11,738 crore while EBITDA may increase to Rs 3,780 crore from Rs 3,526.7 crore during the same period.



Operating profit margin is likely to improve 95 bps quarter-on-quarter to 32.2 percent in June quarter.



Wireless parameters



Average revenue per user (ARPU) may rise 1 percent to Rs 195 from Rs 193 and revenue per minute (RPM) is expected to increase to 42.8 paise versus 42.34 paise.



Analysts expect minutes of usage to grow 0.6 percent at 458 as against 455 Q-o-Q.



Africa



Dollar revenues may jump 4.2 percent sequentially USD 1167 million and EBITDA is expected to increase from USD 1542 million to USD 1655 million.



EBITDA margin is likely to surge 72 bps Q-o-Q to 26.12 percent in April-June quarter.



Q1 highlights:



The first quarter is expected to be a strong for all telecom stocks, driven by 1) solid voice volume growth, (2) modest voice RPM uptick, and (3) sustained data revenue growth momentum.



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