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Last Updated : Sep 07, 2016 10:36 AM IST | Source: Moneycontrol.com

ONGC Q1 net seen down 28%, EBITDA may recover sharply: Poll

During the period, EBITDA is likely to recover sharply on sequential basis from a very weak fourth quarter. In Q1 EBIDTA is seen up 82 percent at Rs 8164 crore versus Rs 4487.2 crore while EBIDTA margins are seen at 34.5 percent versus 27.4 percent.


ONGC is seen reporting net profit down 28 percent in April-June quarter to Rs 3163 crore from Rs 4416.11 crore in quarter-ago period. According to a CNBC-TV18 poll, the oil and gas company may see total income up 44 percent at Rs 23636 crore against Rs 16384.8 crore on sequential basis.


During the period, EBITDA is likely to recover sharply on sequential basis from a very weak fourth quarter. In Q1 EBIDTA is seen up 82 percent at Rs 8164 crore versus Rs 4487.2 crore while EBIDTA margins are seen at 34.5 percent versus 27.4 percent.


Analysts polled by CNBC-TV18 expect net oil realisation of USD 47/bbl but gas realisation should be lower by 20 percent following the domestic price cut from 1 April 2016.

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First Published on Sep 7, 2016 10:02 am
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