HDFC Securities has come out with its fourth quarter (January-March) earnings estimates for the Oil & Gas sector. The brokerage house expects Oil India to report net profit at 560 crore up 22.1% quarter-on-quarter.
Net Sales are expected to increase by 9.3 percent Q-o-Q (up 33 percent Y-o-Y) to Rs 2670 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 18.6 percent Q-o-Q (up 17.4 percent Y-o-Y) to Rs 870 crore.
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HDFC securities_Oil Gas 4QFY17 Results Preview_Apr 13 2017 (2)
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