HDFC Securities has come out with its third quarter (October-December) earnings estimates for the Lubricants sector. The brokerage house expects Gulf Oil to report net profit at Rs. 240 crore down 22% quarter-on-quarter.
Net Sales are expected to decrease by 0.1 percent Q-o-Q (up 0.2 percent Y-o-Y) to Rs 260 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 17.1 percent Q-o-Q (down 11.4 percent Y-o-Y) to Rs 40 crore.
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