Gujarat State Petronet Q3 PAT seen up 43.1% YoY to Rs. 240 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its third quarter (October-December’ 23) earnings estimates for the Oil & Gas sector. The brokerage house expects Gujarat State Petronet to report net profit at Rs. 240 crore up 43.1% year-on-year (down 54% quarter-on-quarter).

Net Sales are expected to increase by 19 percent Y-o-Y (down 8.6 percent Q-o-Q) to Rs. 410 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 31 percent Y-o-Y (down 13.8 percent Q-o-Q) to Rs. 350 crore.

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