HPCL Q4 PAT may dip 60.8% YoY to Rs. 1,182.6 cr: ICICI Direct

ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Oil & Gas sector. The brokerage house expects HPCL to report net profit at Rs. 1,182.6 crore down 60.8% year-on-year (up 36.1% quarter-on-quarter).

Net Sales are expected to increase by 54 percent Y-o-Y (up 26.9 percent Q-o-Q) to Rs. 1,31,206.2 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 51.6 percent Y-o-Y (up 20.7 percent Q-o-Q) to Rs. 2,257.9 crore.

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