IOCL Q4 PAT seen up 46% YoY to Rs. 7,621.9 cr: Kotak

Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Oil, Gas & Consumable Fuels sector. The brokerage house expects IOCL to report net profit at Rs. 7,621.9 crore up 46% year-on-year (up 963% quarter-on-quarter).

Net Sales are expected to increase by 20 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 141,093.2 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 25 percent Y-o-Y (up 270 percent Q-o-Q) to Rs. 13,363.4 crore.

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