Vodafone Idea Limited & Airtel To Be In Huge Loss whereas Jio To Grow More Profit .Vodafone Idea Ltd (VIL), which will present consolidated earnings for the first time, is likely to report a sizeable loss in the fiscal second quarter ended September 30, paced by low subscriber additions and rising 4G network expansion costs.

No. 2 carrier Bharti Airtel is also likely to post a significant consolidated net loss in the July-September quarter – a first in nearly 15 years – hit by a combination of factors such as mounting costs, rupee depreciation, and customer losses after the reduction in the price of JioPhones. Reliance Industries’ recent featurephone exchange offer had lowered the price of JioPhones.Mukesh Ambani-owned Reliance Jio Infocomm, though, is likely to yet again outshine older rivals by reporting a higher net profit, propelled by strong customer adds and healthy uptake of its 4G feature-phones.For Vodafone Idea, brokerages IIFL Institutional Equities and ICICI Securities estimated a net loss in the vicinity of ₹2,600 crore, although Credit Suisse pegged it lower at ₹1050.5 crore. Revenue is estimated to be in the ₹7,813-8,106 crore range for the September quarter.Brokerages expect Bharti Airtel to report a net loss in the range of ₹8.4 crore to ₹1,266 crore. The company had posted a ₹97.3 crore net profit in the June quarter, helped by a one-time exceptional gain, and a ₹343 crore net profit in the same quarter a year ago.

The wide variation in Airtel’s loss estimates is due to the possibility of the telco being hit by high depreciation and interest costs in the September quarter. Also, since 30% of Airtel’s consolidated debt is dollar-linked, a 5% depreciation of the rupee against the US currency in the quarter is expected to widen the losses by as much as ₹500 crore, said brokerage CLSA. Analysts also expect Airtel’s capex burden to rise since 50% of the company’s $3-billion India capex is in dollars.

Jio is estimated to report its fourth successive quarter in the black, with analysts pencilling in a higher net profit in the ₹622-795 crore range, propelled by 33 million subscriber adds during the July-September period.

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