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.