Emkay Global Financial Services has come out with its October-December quarter earnings estimates for the oil & gas sector. The brokerage house expects Cairn India to report a 6 percent degrowth Y-o-Y in net profit at Rs 2,968.8 crore.
Sales of the company are expected to increase by 5 percent Q-o-Q (up 14 percent Y-o-Y) to Rs 4,870.2 crore, according to Emkay Global Financial Services.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2 percent Q-o-Q (up 1 percent Y-o-Y) to Rs 3,536.7 crore.
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