KR Choksey expects ONGC's Q2 profit to fall by 7%

KR Choksey has come out with its earnings estimates on ONGC for September quarter FY13. According to the research firm, the company's Q2FY13 sales are likely to go down by 10% at Rs 20,432 crore, Year-on-Year (YoY) basis.

October 13, 2012 / 13:39 IST

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KR Choksey has come out with its earnings estimates on ONGC for September quarter FY13. According to the research firm, the company's Q2FY13 sales are likely to go down by 10% at Rs 20,432 crore, Year-on-Year (YoY) basis.

The company's net profit is seen down 35% at Rs 5,654 crore, YoY.

Expect ONGC’s 2Q profit to be lower by 7% due to Higher DDA cost, ONGC’s Q2FY13 crude oil production is estimated at 6.64mmt marginally better than 6.54mmt in Q1, the natural gas production however is expected to be flat at ~65mmscmd.

first published: Oct 13, 2012 01:36 pm

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