Prabhudas Lilladher has come out with its first quarter (April-June’ 21) earnings estimates for the Oil & Gas sector. The brokerage house expects Hindustan Petroleum Corporation to report net profit at Rs 1,632 crore down 42% year-on-year (down 45.9% quarter-on-quarter).
Net Sales are expected to increase by 65.3 percent Y-o-Y (down 16.7 percent Q-o-Q) to Rs 62,362.9 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 41.4 percent Y-o-Y (down 45.3 percent Q-o-Q) to Rs 2,552.9 crore.
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