Kotak Securities has come out with its first quarter (April-June) earnings estimates for the oil & gas sector. The brokerage house expects Oil India to report a 0.7 percent growth quarter-on-quarter (fall of 17.2 percent year-on-year) in net profit at Rs 769.8 crore.
Revenues are expected to decrease by 0.5 percent Q-o-Q (up 1.3 percent Y-o-Y) to Rs 2,364.8 crore, according to Kotak Securities. EBITDA margin or operating profit margin is likely to be at 38.4 percent in June quarter as against 37.1 percent in March quarter and 47 percent in a year ago period. Kotak Securities report on Oil India We expect sedate Q1FY14 earnings performance of OIL India mainly on account of flat volume growth and pressure on net realization. However, OIL will benefit from weak rupee.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
