Indraprastha Gas Q2 PAT may dip 17.5% YoY to Rs. 440 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 Indraprastha Gas to report net profit at Rs. 440 crore down 17.5% year-on-year (up 9.9% quarter-on-quarter).

Net Sales are expected to decrease by 1.3 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 3,410 crore, according to PL Capital.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 7.9 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs. 610 crore.

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