Motilal Oswal has come out with its third quarter (October-December) earnings estimates for the Oil & Gas sector. The brokerage house expects Oil India to report net profit at 564.5 crore down 2.7% quarter-on-quarter.
Net Sales are expected to increase by 3.2 percent Q-o-Q (up 4.4 percent Y-o-Y) to Rs 2315.4 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.3 percent Q-o-Q (up 26.4 percent Y-o-Y) to Rs 795.2 crore.
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