Jio and Airtel's show to be modest in Q1, Vi may narrow loss

Jio and Airtel's show to be modest in Q1, Vi may narrow losses


Synopsis
Morgan Stanley estimates Jio to report a 5.7% sequential rise in net profit in the June quarter to ₹3,552 crore — its 15th successive quarterly profit — helped by a mix of higher operating income and decent customer additions.
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Bharti Airtel are likely to report modest sequential growth in mobile revenue and average revenue per user (ARPU) in the June quarter, while
Vodafone Idea (Vi) is set to suffer declines on both metrics due to a fall in data consumption coupled with the impact of free recharges doled out to droves of low-income users.
Analysts said Jio and Airtel are likely to notch up decent customer additions in the fiscal first quarter, likely at the expense of cash-strapped Vi, where customer losses are set to jump again due to its inability to fight rivals on the 4G front.

Related Keywords

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