IOCL Q1 PAT seen up 23.2% YoY to Rs. 5,604.8 cr: KR Choksey

KR Choksey has come out with its first quarter (April-June’ 18) earnings estimates for the Oil & Gas sector. The brokerage house expects IOCL to report net profit at Rs. 5,604.8 crore up 23.2% year-on-year (up 7.2% quarter-on-quarter).

Net Sales are expected to increase by 30.3 percent Y-o-Y (up 17 percent Q-o-Q) to Rs. 137,329.5 crore, according to KR Choksey.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 35.2 percent Y-o-Y (down 1.9 percent Q-o-Q) to Rs. 10,815.9 crore.

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