Corporate
TT Correspondent | 23 Apr 2018Reliance Jio is likely to outshine older rivals Bharti Airtel and Idea Cellular in the fourth quarter ended March 31 by reporting a net profit of Rs.516 crore, according to an ET poll of analysts.
In comparison, Airtel’s net is likely to plunge to Rs.1.4 crore as some expect the market leader to post its first net loss in 15 years, while Idea’s net loss is expected to widen by more than three-folds on-year to Rs.1,449 crore, its sixth successive quarterly loss.
While Jio is expected to benefit mainly from robust subscriptions from its loyalty programme, Prime, Airtel and Idea will continue to be stung by a mix of continued pricing aggression from the Mukesh Ambani-owned telco, a cut in international termination rates and more subscribers rapidly moving to lower priced bundled packs.
Airtel reports Q4 results on April 24, Idea, which is merging with Vodafone India, on April 28 and Reliance Jio on April 27.