Oil India Q1 PAT seen up 11% YoY to Rs. 780.9 cr: Kotak

Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Oil, Gas & Consumable Fuels sector. The brokerage house expects Oil India to report net profit at Rs. 780.9 crore up 11% year-on-year (down 71.7% quarter-on-quarter).

Net Sales are expected to increase by 1.3 percent Y-o-Y (up 11.3 percent Q-o-Q) to Rs. 3,435.6 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2.1 percent Y-o-Y (up 39.8 percent Q-o-Q) to Rs. 1,559.5 crore.

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