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HomeNewsBusinessEarningsIndian Oil Corp Q4 PAT may dip 17.4% to Rs 3300 cr: HDFC Securities

Indian Oil Corp Q4 PAT may dip 17.4% to Rs 3300 cr: HDFC Securities

Net Sales are expected to increase by 6 percent Q-o-Q (up 22.6 percent Y-o-Y) to Rs 98660 crore, according to HDFC Securities. Indian Oil Corp to report net profit at 3300 crore down 17.4% quarter-on-quarter.

April 22, 2017 / 15:19 IST
Indian Oil | The board has approced implementation of Petrochemical and Lube Integration Project at lndianOil's Gujarat Refinery at an estimated cost of Rs 17,825 crore. (Image: PTI)
     
     
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    HDFC Securities has come out with its fourth quarter (January-March) earnings estimates for the Oil & Gas sector. The brokerage house expects Indian Oil Corp to report net profit at 3300 crore down 17.4% quarter-on-quarter.

    Net Sales are expected to increase by 6 percent Q-o-Q (up 22.6 percent Y-o-Y) to Rs 98660 crore, according to HDFC Securities.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 13.7 percent Q-o-Q (up 69.7 percent Y-o-Y) to Rs 6860 crore.

    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    first published: Apr 22, 2017 03:19 pm

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