Gujarat Gas Q2 PAT seen up 4% to Rs 78.9 cr: Religare

Net Sales are expected to increase by 3.8 percent Q-o-Q (down 19.1 percent Y-o-Y) to Rs 1262.7 crore, according to Religare.
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Oct 19, 2016, 01.45 PM | Source: Moneycontrol.com

Gujarat Gas Q2 PAT seen up 4% to Rs 78.9 cr: Religare

Net Sales are expected to increase by 3.8 percent Q-o-Q (down 19.1 percent Y-o-Y) to Rs 1262.7 crore, according to Religare.

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Gujarat Gas Q2 PAT seen up 4% to Rs 78.9 cr: Religare

Net Sales are expected to increase by 3.8 percent Q-o-Q (down 19.1 percent Y-o-Y) to Rs 1262.7 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 Gas to report net profit at Rs 78.9 crore, up 4 percent quarter-on-quarter.

Net Sales are expected to increase by 3.8 percent Q-o-Q (down 19.1 percent Y-o-Y) to Rs 1262.7 crore, according to Religare.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.4 percent Q-o-Q (up 62 percent Y-o-Y) to Rs 219.4 crore.

Religare's report on Gujarat Gas

Earnings to improve marginally to Rs 789mn (+4% QoQ) on higher volumes. Gross spreads to remain stable at Rs 7/scm.

GUJGA has consistently disappointed with declining volumes against management guidance (of a growth in volumes). We see a high probability of earnings downgrade for the stock as volumes continue to trend lower.

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.

To read the full report click here

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Gujarat Gas Q2 PAT seen up 4% to Rs 78.9 cr: Religare

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