Jio impact:Telecom companies likely to report subdued Q4 numbers
Domestic brokerage Motilal Oswal said there is a "lack of earnings visibility" in telecom sector and estimated that the largest telco Airtel will report a 80 per cent decline in profits, while third largest operator Idea Cellular's losses will continue to be elevated. Its peer Emkay Global Financial Services estimated a 10.1 per cent decline in sales for the telecom sector on a year-on-year basis during the March quarter, while the pretax margins will contract by 2.40 per cent .
RJio Impact: Kotak Securities said the March quarter performance will mark a weak end to what has been a challenging year. Image source: Reuters