Failed to connect to MySQL: Too many connections Indraprastha Gas Q2 PAT seen up 7.9% to Rs 159.8 cr: Religare - Moneycontrol.com

Indraprastha Gas Q2 PAT seen up 7.9% to Rs 159.8 cr: Religare

Net Sales are expected to increase by 5.2 percent Q-o-Q (down 2.3 percent Y-o-Y) to Rs 943.4 crore, according to Religare.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Earnings » Brokerage Results Estimates

Oct 19, 2016, 01.34 PM | Source: Moneycontrol.com

Indraprastha Gas Q2 PAT seen up 7.9% to Rs 159.8 cr: Religare

Net Sales are expected to increase by 5.2 percent Q-o-Q (down 2.3 percent Y-o-Y) to Rs 943.4 crore, according to Religare.

Like this story, share it with millions of investors on M3

Indraprastha Gas Q2 PAT seen up 7.9% to Rs 159.8 cr: Religare

Net Sales are expected to increase by 5.2 percent Q-o-Q (down 2.3 percent Y-o-Y) to Rs 943.4 crore, according to Religare.

Post Your Comments

Share Cancel

(more)

, Religare Retail Research |

Religare has come out with its second quarter (July-September) earnings estimates for the India Energy sector. The brokerage house expects Indraprastha Gas to report net profit at Rs 159.8 crore, up 7.9 percent quarter-on-quarter.

Net Sales are expected to increase by 5.2 percent Q-o-Q (down 2.3 percent Y-o-Y) to Rs 943.4 crore, according to Religare.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.8 percent Q-o-Q (up 43.2 percent Y-o-Y) to Rs 269.2 crore.

Religare's report on Indraprastha Gas

Earnings to improve to Rs 1.6bn (+57% YoY, +8% QoQ) driven by higher growth in CNG volumes. CNG volumes to improve 10% YoY (+5.5% QoQ) and PNG volumes 8% YoY (+4.3% QoQ). Higher CNG volume growth could lead to a marginal improvement in unit EBITDA to Rs 6.6/scm.

We see at least a 10% growth in earnings over FY17-FY19E as management guides for a sustained >10% growth in CNG volumes.

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

Buy, Hold, Sell ? Hear it first on M3
Indraprastha Gas Q2 PAT seen up 7.9% to Rs 159.8 cr: Religare

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login