IOC Q1 PAT may dip 57.6% YoY to Rs. 2,898.2 cr: Prabhudas Lilladher

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Prabhudas Lilladher has come out with its first quarter (April-June’ 19) earnings estimates for the Oil & Gas sector. The brokerage house expects IOC to report net profit at Rs. 2,898.2 crore down 57.6% year-on-year (down 52.5% quarter-on-quarter).

Net Sales are expected to increase by 1.5 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs. 1,31,394.3 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 44.1 percent Y-o-Y (down 35.3 percent Q-o-Q) to Rs. 7,035.7 crore.

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