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IOC Q2 PAT seen up 46.6% YoY to Rs. 4,760.5 cr: ICICI Direct

Net Sales are expected to decrease by 7.1 percent Y-o-Y (down 6.2 percent Q-o-Q) to Rs. 1,40,844.2 crore, according to ICICI Direct.

October 10, 2019 / 05:11 PM IST
 
 
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ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Oil & Gas sector. The brokerage house expects IOC to report net profit at Rs. 4,760.5 crore up 46.6% year-on-year (up 32.4% quarter-on-quarter).


Net Sales are expected to decrease by 7.1 percent Y-o-Y (down 6.2 percent Q-o-Q) to Rs. 1,40,844.2 crore, according to ICICI Direct.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 32.8 percent Y-o-Y (up 7.5 percent Q-o-Q) to Rs. 8,977.2 crore.


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