has come out with its second quarter (July-September) earnings estimates for the India Energy sector. The brokerage house expects Indian Oil
to report net profit at Rs 4521.1 crore, down 45.3 percent quarter-on-quarter.
Net Sales are expected to increase by 16 percent Q-o-Q (up 16.8 percent Y-o-Y) to Rs 99399.7 crore, according to Religare.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 38.1 percent Q-o-Q to Rs 8209.7 crore.
Religare's report on Indian Oil
Earnings to decline to Rs 45bn (-45% QoQ) in the absence of major inventory gains. GRMs (excluding inventory gains) expected to improve to US$ 6/bbl (from US$3.5/bbl QoQ) on higher middle distillates and fuel oil spreads.
Petchem EBITDA to improve to Rs 16bn (+8% QoQ) on better spreads. Pipeline EBITDA to remain flat QoQ at Rs 16bn.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.