Kotak has come out with its third quarter (October-December’ 18) earnings estimates for the Oil, Gas & Consumable Fuel sector. The brokerage house expects ONGC to report net profit at Rs. 7,694 crore up 53% year-on-year (down 7% quarter-on-quarter).
Net Sales are expected to increase by 19 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 27,255 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 26 percent Y-o-Y to Rs. 15,740.3 crore.
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