ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Oil & Gas sector. The brokerage house expects Petronet LNG to report net profit at Rs. 637.9 crore up 13.3% year-on-year (up 13.9% quarter-on-quarter).
Net Sales are expected to decrease by 12.8 percent Y-o-Y (up 8.8 percent Q-o-Q) to Rs. 9,367.6 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 18.7 percent Y-o-Y (up 2.4 percent Q-o-Q) to Rs. 1,048.8 crore.
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