IOCL Q2 PAT may dip 76.6% YoY to Rs. 3,040 cr: PL Capital

PL Capital has come out with its second quarter (July-September’ 24) earnings estimates for the Oil & Gas sector. The brokerage house expects IOCL to report net profit at Rs. 3,040 crore down 76.6% year-on-year (up 14.8% quarter-on-quarter).

Net Sales are expected to increase by 1.7 percent Y-o-Y (down 5.4 percent Q-o-Q) to Rs. 1,82,790 crore, according to PL Capital.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 59.9 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 8,550 crore.

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