Bharti Airtel flat ahead of Q1 results. Here’s what analysts expect

NEW DELHI: Shares of Bharti Airtel NSE 2.43 % were trading flat in Tuesday’s trade ahead of its quarterly earnings scheduled for later in the day. The telecom major is expected to report a muted set of quarterly results with sales rising 8-9 per cent on a year-on-year basis and margins coming in flat sequentially. Analysts’ projections on profit differ widely in the Rs 300-1,000 crore range.

At 9.50 am, the scrip was trading 0.08 per cent lower at Rs 564.60.

JM Financial expects the telecom operator to report a profit of Rs 1,016.60 crore compared with a loss of Rs 15,933 crore in the year-ago quarter. It sees sales rising 9.4 per cent YoY to Rs 26,702.50 crore. The average revenue per user (ARPU) is seen at Rs 146 compared with Rs 157 in the year-ago quarter, and Rs 145 in March quarter.