Oct 19, 2016 01:29 PM IST IST | Source: Moneycontrol.com

GAIL (India) Q2 PAT seen down 28.8% to Rs 950.4 cr: Religare

Net Sales are expected to increase by 9.1 percent Q-o-Q (down 17.1 percent Y-o-Y) to Rs 11677.1 crore, according to Religare.

Religare has come out with its second quarter (July-September) earnings estimates for the India Energy sector. The brokerage house expects GAIL (India) to report net profit at Rs 950.4 crore, down 28.8 percent quarter-on-quarter.

Net Sales are expected to increase by 9.1 percent Q-o-Q (down 17.1 percent Y-o-Y) to Rs 11677.1 crore, according to Religare.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 10.5 percent Q-o-Q (up 129.4 percent Y-o-Y) to Rs 1760.5 crore.

Religare's report on GAIL (India)

Adjusted earnings could improve to Rs 9.5bn (+12% QoQ) on higher petrochemical earnings and a marginal improvement in gas transmission volumes.

We expected petrochemicals segment EBITDA to improve to Rs 2.8bn (+40% QoQ) driven by volume expansion to 140k tmt (+27% QoQ).

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