Gujarat State Petronet Q2 PAT may dip 44.3% YoY to Rs. 300 cr: PL Capital

PL Capital has come out with its second quarter (July-September’ 24) earnings estimates for the Oil & Gas sector. The brokerage house expects Gujarat State Petronet to report net profit at Rs. 300 crore down 44.3% year-on-year (up 39.7% quarter-on-quarter).

Net Sales are expected to decrease by 18.6 percent Y-o-Y (up 9.9 percent Q-o-Q) to Rs. 370 crore, according to PL Capital.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 29.3 percent Y-o-Y (down 3.6 percent Q-o-Q) to Rs. 290 crore.

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