HPCL Q2 PAT may dip 72.9% YoY to Rs. 1,390 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 HPCL to report net profit at Rs. 1,390 crore down 72.9% year-on-year (up 289.8% quarter-on-quarter).

Net Sales are expected to increase by 19 percent Y-o-Y (down 1.1 percent Q-o-Q) to Rs. 1,05,620 crore, according to PL Capital.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 54.7 percent Y-o-Y (up 76.7 percent Q-o-Q) to Rs. 3,720 crore.

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