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HomeNewsBusinessEarningsIndraprastha Gas Q1 PAT seen up 27.2% YoY to Rs. 310.5 cr: Prabhudas Lilladher
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Indraprastha Gas Q1 PAT seen up 27.2% YoY to Rs. 310.5 cr: Prabhudas Lilladher

Net Sales are expected to increase by 111.9 percent Y-o-Y (up 10.8 percent Q-o-Q) to Rs. 2,664.8 crore, according to Prabhudas Lilladher.

Broker Research
July 07, 2022 / 13:17 IST
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Indraprastha Gas net profit rose 9% to Rs 362 crore. Indraprastha Gas reported a rise in net profit of 9.24% to Rs 361.60 crore in the quarter ended March 2022 as against Rs 331.00 crore during the previous quarter ended March 2021. Revenue rose 55.16% to Rs 2405.92 crore in the quarter ended March 2022 as against Rs 1550.63 crore during the previous quarter ended March 2021. Total cost surged 72% YoY to Rs 2230 crore.

Prabhudas Lilladher has come out with its first quarter (April-June’ 22) earnings estimates for the Oil & Gas sector. The brokerage house expects Indraprastha Gas to report net profit at Rs. 310.5 crore up 27.2% year-on-year (down 13.2% quarter-on-quarter).

Net Sales are expected to increase by 111.9 percent Y-o-Y (up 10.8 percent Q-o-Q) to Rs. 2,664.8 crore, according to Prabhudas Lilladher.

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Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 19 percent Y-o-Y (down 9.3 percent Q-o-Q) to Rs. 453 crore.

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