Motilal Oswal has come out with its first quarter (April-June) earnings estimates for the Oil & Gas sector. The brokerage house expects GSPL to report a 11.7 percent growth quarter-on-quarter (degrowth of 1.2 percent year-on-year) in net profit at Rs 111.4 crore.Sales are expected to increase by 7.4 percent Q-o-Q (down 2.8 percent Y-o-Y) to Rs 248.4 crore, according to Motilal OswalEarnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.4 percent Q-o-Q (down 2.8 percent Y-o-Y) to Rs 217.3 crore.Motilal Oswal's report on Gujarat State PetroWe expect GUJS to report net sales of RS 2.5b and PAT of RS 1.1b(flat Y-o-Y and up 12% Q-o-Q). We model transmission volume at 26mmscmd (+7.5% Y-o-Y, +6.5%Q-o-Q) and transmission tariff at RS1,050/mscm (-6.7% Y-o-Y, +2.1%Q-o-Q).GUJS had won the bids for three cross-country pipelines (Mehsana - Bhatinda, Bhatinda-Srinagar, Mallavaram - Bhilwara). We await clarity on the current status, timelines and other details regarding these pipelines.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.
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