Bharti Infratel will release its Q3FY20 earnings on Thursday.
The revenues are expected to be flat both on a quarter-on-quarter as well as on a year-on-year basis.
The capital expenditure for the sector has been abysmally low because of the mammoth adjusted gross revenue (AGR) liabilities which they have to pay. However, the street is expecting a very sharp expansion in the energy spread and robust services revenues which could propel Infratel's numbers.
Earnings before interest, taxes, depreciation, and amortization (Ebitda) is expected to rise by 10 percent YoY.
The status of Bharti Infratel's merger with Indus Towers and management commentary on the AGR-related liabilities will be key things to watch out for.
The telecom sector has evolved significantly compared to the last quarter, with things deteriorating. It will be interesting to see management commentary on the sector.