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Net Sales are expected to increase by 10.2 percent Y-o-Y (down 4.8 percent Q-o-Q) to Rs. 4,240 crore, according to PL Capital.
Net Sales are expected to decrease by 0.7 percent Y-o-Y (down 0.7 percent Q-o-Q) to Rs. 390 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 23.8 percent Y-o-Y (up 18.7 percent Q-o-Q) to Rs. 4,560 crore, according to Prabhudas Lilladher.
Gujarat Gas aims to focus on segments and applications where gas is still very competitive not only economically, but because of its other attributes, says MD Sugata Sircar.
Prabhudas Lilladher has come out with its earning estimates on oil & gas sector for the quarter ended December 2012. According to the research firm, supply-side pressures is expected to weigh on crude in FY14.
Dolat Capital has come with its December`12 quarterly earning estimates for oil & gas sector. According to research firm, volume growth is expected for Indraprastha Gas (IGL) and Petronet LNG. Gujarat Gas and GSPL are expected to report decline in volumes.
Sugata Sircar, MD, Gujarat Gas explains to CNBC-TV18 that the implementation of a sound strategy has restored the company‘s financials over a nine-month period. He adds that the share of RLNG in the gas-sourcing mix will remain and he is working on several solutions to reduce the impact of the increased and fluctuations in cost.
Gujarat Gas, country's largest private sector natural gas distribution company is set to declare its results for the quarter ended June 2012. Analysts on an average expect profit after tax to fall by 43% year-on-year and 15.3% quarter-on-quarter to Rs 55 crore in the quarter.
Emkay Global Financial Services has come with its June quarterly earning estimates for oil & gas sector. According to the research firm, Natural Gas universe likely to report revenue and profit growth of 5% and 24.7% QoQ, respectively, primarily driven by higher realization across all the segments.
Dolat Capital has come with its June quarterly earning estimates for oil & gas sector. According to the research firm, gas space revenue is expected to grow by 35% on a YoY basis, mainly due to increase in realizations.
Shaleen Sharma MD of Gujarat Gas tells CNBC TV-18 that although, the retrospective aspect of the Petroleum and Natural Gas Regulatory Board (PNGRB) order was a cause of concern, the decision for 65% BG stake sale in Gujarat Gas has not yet been finalized.