GSPL Q2 PAT seen up 10.8% to Rs 134.4 cr: Religare

Net Sales are expected to increase by 4.3 percent Q-o-Q (up 6.4 percent Y-o-Y) to Rs 268.9 crore, according to Religare.
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Oct 19, 2016, 01.38 PM | Source: Moneycontrol.com

GSPL Q2 PAT seen up 10.8% to Rs 134.4 cr: Religare

Net Sales are expected to increase by 4.3 percent Q-o-Q (up 6.4 percent Y-o-Y) to Rs 268.9 crore, according to Religare.

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GSPL Q2 PAT seen up 10.8% to Rs 134.4 cr: Religare

Net Sales are expected to increase by 4.3 percent Q-o-Q (up 6.4 percent Y-o-Y) to Rs 268.9 crore, according to Religare.

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, Religare Retail Research |

Religare has come out with its second quarter (July-September) earnings estimates for the India Energy sector. The brokerage house expects Gujarat State Petronet to report net profit at Rs 134.4 crore, up 10.8 percent quarter-on-quarter.

Net Sales are expected to increase by 4.3 percent Q-o-Q (up 6.4 percent Y-o-Y) to Rs 268.9 crore, according to Religare.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2.7 percent Q-o-Q (up 6.9 percent Y-o-Y) to Rs 239.4 crore.

Religare's report on Gujarat State Petronet

Earnings to improve to Rs 1.34bn (+11% QoQ, +24% YoY) on higher volumes. Volumes to improve 3.4% QoQ to 26mmscmd on higher LNG volumes.

The final decision on GSPL’s Gujarat grid tariffs is expected any time before Mar’17.

We have built in tariffs at Rs 1.25/scm, about 25% higher than current levels. We currently don’t see any case for an earnings upgrade.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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GSPL Q2 PAT seen up 10.8% to Rs 134.4 cr: Religare

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