Jio Q3 PAT seen up 11.7% YoY to Rs. 3,675 cr: ICICI Direct

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Net Sales are expected to increase by 4.8 percent Y-o-Y (up 3.5 percent Q-o-Q) to Rs. 19,387 crore, according to ICICI Direct.

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January 19, 2022 / 01:12 PM IST

Tamil, Telugu and Kannada will also be added to the JioMeet app soon.

Tamil, Telugu and Kannada will also be added to the JioMeet app soon.

ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Telecom sector. The brokerage house expects Jio to report net profit at Rs. 3,675 crore up 11.7% year-on-year (up 4.2% quarter-on-quarter).

Net Sales are expected to increase by 4.8 percent Y-o-Y (up 3.5 percent Q-o-Q) to Rs. 19,387 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 15 percent Y-o-Y (up 3.8 percent Q-o-Q) to Rs. 9,333 crore.

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