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Last Updated : Jul 16, 2019 02:41 PM IST | Source: Moneycontrol.com

I. G. Petrochemicals Q1 PAT may dip 58% YoY to Rs. 16.9 cr: Prabhudas Lilladher

Net Sales are expected to decrease by 14.5 percent Y-o-Y (down 4.2 percent Q-o-Q) to Rs. 300 crore, according to Prabhudas Lilladher.

Additional Excise Duty of Rs 1 per litre on petrol & diesel for road and infra has been announced. (moneycontrol)
Additional Excise Duty of Rs 1 per litre on petrol & diesel for road and infra has been announced. (moneycontrol)
 
 
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Prabhudas Lilladher has come out with its first quarter (April-June’ 19) earnings estimates for the Oil & Gas sector. The brokerage house expects I. G. Petrochemicals to report net profit at Rs. 16.9 crore down 58% year-on-year (down 7.4% quarter-on-quarter).


Net Sales are expected to decrease by 14.5 percent Y-o-Y (down 4.2 percent Q-o-Q) to Rs. 300 crore, according to Prabhudas Lilladher.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 61.1 percent Y-o-Y (down 10.1 percent Q-o-Q) to Rs. 33 crore.


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First Published on Jul 16, 2019 02:41 pm
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