Kotak has come out with its second quarter (July-September’ 19) earnings estimates for the Gas Utilities sector. The brokerage house expects Indraprastha Gas to report net profit at Rs. 326.6 crore up 56.7% year-on-year (up 31.4% quarter-on-quarter).
Net Sales are expected to increase by 20.9 percent Y-o-Y (up 9 percent Q-o-Q) to Rs. 1,718.1 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 28.9 percent Y-o-Y (up 10.8 percent Q-o-Q) to Rs. 397.2 crore.
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Kotak Earnings Estimates - Consolidated
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