IOC Q4 PAT may dip 8.1% YoY to Rs. 8,067.4 cr: ICICI Direct

ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Oil & Gas sector. The brokerage house expects IOC to report net profit at Rs. 8,067.4 crore down 8.1% year-on-year (up 37.7% quarter-on-quarter).

Net Sales are expected to increase by 45.2 percent Y-o-Y (up 20.5 percent Q-o-Q) to Rs. 2,37,521.9 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.7 percent Y-o-Y (up 42 percent Q-o-Q) to Rs. 14,005.8 crore.

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