VSNL’s Q4 net profit estimated to go down
MoneyControl: CNBC T-TV18 provides the following estimates for Videsh Sanchar Nigam Limited (VSNL) (NYSE: VSL):
- Q4 net profit is expected to go down 25.8% to Rs 111.3 crore (Rs 1.11 billion) from Rs 150.1 crore (Rs 1.50 billion) quarter-on-quarter, QoQ.
- Revenues are seen going up 2% to Rs 999.4 crore (Rs 9.99 billion) from Rs 977.5 crore (Rs 9.77 billion) QoQ.
- Company’s net profit is also expected to go down 72% to Rs 111.3 crore (Rs 1.11 billion) from Rs 399.2 crore (Rs 3.99 billion) YoY.
- Revenues are seen going up 11% to Rs 999.4 crore (Rs 9.99 billion) from Rs 901.7 crore (Rs 9.01 billion) YoY.
Clearly as I said earlier, there is too much competition here and the management is also not clear about the future there are talks of land sale and promoter holding cross holdings which does not give a clear picture here.
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