IOC Q3 PAT seen up 566.9% YoY to Rs. 2,990 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 IOC to report net profit at Rs. 2,990 crore up 566.9% year-on-year (down 77% quarter-on-quarter).

Net Sales are expected to increase by 54 percent Y-o-Y (up 75.4 percent Q-o-Q) to Rs. 31,522 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 56.5 percent Y-o-Y (down 61.1 percent Q-o-Q) to Rs. 82.9 crore.

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