PL Capital has come out with its second quarter (July-September’ 24) earnings estimates for the Oil & Gas sector. The brokerage house expects BPCL to report net profit at Rs. 3,260 crore down 61.6% year-on-year (up 8.2% quarter-on-quarter).
Net Sales are expected to decrease by 4.2 percent Y-o-Y (down 12.8 percent Q-o-Q) to Rs. 98,610 crore, according to PL Capital.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 52.2 percent Y-o-Y (up 9.2 percent Q-o-Q) to Rs. 6,170 crore.
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