Mangalore Refinery Q4 PAT may dip 85.6% YoY to Rs. 279.9 cr: KR Choksey

Supply | While most of the world runs on the energy released from burning the black gold, not every country is privileged enough to find a steady supply under its crust. The Organization of the Petroleum Exporting Countries (OPEC) is responsible for about 40 percent of the world’s oil supply and 60 percent of the oil traded globally. (Image: Reuters)

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KR Choksey has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Oil & Gas sector. The brokerage house expects Mangalore Refinery to report net profit at Rs. 279.9 crore down 85.6% year-on-year (down 71.1% quarter-on-quarter).

Net Sales are expected to increase by 6.4 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 14,190.1 crore, according to KR Choksey.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 53.8 percent Y-o-Y (up 58.9 percent Q-o-Q) to Rs. 718.1 crore.

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