Petronet LNG Q1 PAT seen up 22.8% YoY to Rs. 358 cr: HDFC

HDFC has come out with its first quarter (April-June’ 18) earnings estimates for the Materials sector. The brokerage house expects Petronet LNG to report net profit at Rs. 358 crore up 22.8% year-on-year (up 2.8% quarter-on-quarter).

Net Sales are expected to increase by 50.3 percent Y-o-Y (up 12 percent Q-o-Q) to Rs. 9,673 crore, according to HDFC.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14.7 percent Y-o-Y (up 3.8 percent Q-o-Q) to Rs. 853 crore.

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