Indraprastha Gas Q3 PAT seen up 68% YoY to Rs. 470 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its third quarter (October-December’ 23) earnings estimates for the Oil & Gas sector. The brokerage house expects Indraprastha Gas to report net profit at Rs. 470 crore up 68% year-on-year (down 12.7% quarter-on-quarter).

Net Sales are expected to increase by 1.5 percent Y-o-Y (up 9 percent Q-o-Q) to Rs. 3,770 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 59.2 percent Y-o-Y (up 3.8 percent Q-o-Q) to Rs. 680 crore.

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