Motilal Oswal has come out with its third quarter (October-December) earnings estimates for the Oil & Gas sector. The brokerage house expects IOC to report net profit at 6390.7 crore up 104.7% quarter-on-quarter.
Net Sales are expected to increase by 12.5 percent Q-o-Q (up 8.2 percent Y-o-Y) to Rs 90020.8 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 98.9 percent Q-o-Q (up 118.4 percent Y-o-Y) to Rs 10832.6 crore.
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