Oil India Q1 PAT seen up 89.7% YoY to Rs. 854.2 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 Oil India to report net profit at Rs. 854.2 crore up 89.7% year-on-year (down 1.4% quarter-on-quarter).

Net Sales are expected to increase by 44.5 percent Y-o-Y (up 12.4 percent Q-o-Q) to Rs. 3,369.9 crore, according to KR Choksey.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 44.8 percent Y-o-Y (up 58.2 percent Q-o-Q) to Rs. 1,266.1 crore.

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