Indian Oil Corporation Q1 PAT seen up 76.2% YoY to Rs 3,366.5 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its first quarter (April-June’ 21) earnings estimates for the Oil & Gas sector. The brokerage house expects Indian Oil Corporation to report net profit at Rs 3,366.5 crore up 76.2% year-on-year (down 61.7% quarter-on-quarter).

Net Sales are expected to increase by 118.2 percent Y-o-Y (up 10 percent Q-o-Q) to Rs 1,36,118.6 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 50.6 percent Y-o-Y (down 43.5 percent Q-o-Q) to Rs 8,300.7 crore.

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