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Net Sales are expected to increase by 25.1 percent Y-o-Y (up 7.8 percent Q-o-Q) to Rs. 1,312.1 crore, according to Kotak.
The gas downstream sector is positioned for numerous macro tailwinds which we expect would facilitate rapid growth in the future
Net Sales are expected to increase by 23.5 percent Y-o-Y (up 4.5 percent Q-o-Q) to Rs. 1,237.6 crore, according to KR Choksey.
Net Sales are expected to increase by 20 percent Y-o-Y (up 1.5 percent Q-o-Q) to Rs. 1,202 crore, according to HDFC Securities.
With rising crude prices, cost efficiency of natural gas, environmental concerns, policy framework changes and budget allocations, the gas distribution companies are positioned for a strong uptick in volumes.
In an interview to CNBC-TV18, ES Ranganathan, MD of Indraprastha Gas (IGL) discussed the company's Q3 performance.
In an interview to CNBC-TV18, ES Ranganathan, MD of Indraprastha Gas (IGL) discussed the company's Q2 performance.
Mahanagar Gas (MGL) posted a weak set of earnings in Q2. In an interview to CNBC-TV18, Rajeev Mathur, MD of MGL spoke about the results and his outlook for the company.
Indraprastha Gas reported strong margins in the first quarter. In an interview to CNBC-TV18, ES Ranganathan, MD of the company discussed the Q1 performance.
In an interview to CNBC-TV18, ES Ranganathan, MD of Indraprastha Gas spoke about the results and his outlook for the company.
Net Sales are expected to increase by 2.6 percent Q-o-Q (up 9.6 percent Y-o-Y) to Rs 970 crore, according to HDFC Securities. Indraprastha Gas to report net profit at 140 crore down 1.8% quarter-on-quarter.
Net Sales are expected to decrease by 7.6 percent Q-o-Q (down 4.1 percent Y-o-Y) to Rs 888.9 crore, according to Motilal Oswal.
In conversation with CNBC-TV18, ES Ranganathan, MD of the company, said the company expects to grow in double digits at around 10 percent for the next two quarters of this fiscal year.
Indraprastha Gas (IGL) shares gained more than 5 percent intraday Thursday as analysts of brokerage houses maintained positive stance on the stock, citing good Q2 earnings and likely growth in volumes.
Net Sales are expected to increase by 5.2 percent Q-o-Q (down 2.3 percent Y-o-Y) to Rs 943.4 crore, according to Religare.
Sales are expected to decrease by 1.1 percent Q-o-Q (down 3.0 percent Y-o-Y) to Rs 872.2 crore, according to Motilal Oswal.
During the period, EBIDTA may be at Rs 201.2 crore compared to Rs 175.8 crore while EBIDTA margin may stand at 21.1 percent versus 19.2 percent year-on-year.
Kotak Securities has come with its Dec'12 quarterly earning estimates for oil & Gas sector. The natural gas supply in India was lower due to delay in ramp-up of the N-Gas production from KG-D6 by RIL. This will not only negatively impact the performance of RIL but also impact gas-utility companies such as GSPL, GAIL, Guj Gas, says research firm.
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.
Motilal Oswal has come out with its earnings estimates on oil and gas sector for September quarter FY13. According to the research firm, recent diesel price hike and limiting subsidized LPG cylinders will reduce under-recoveries.
KR Choksey has come out with its earnings estimates on oil and gas sector for September quarter FY13. According to the research firm, Falling gas output from KG-6 is major concern for the Gas sector, Gas transmission through pipelines are moving downward.
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.
Indraprastha Gas (IGL) is expected to report a profit after tax of Rs 62.1 crore in the third quarter of FY12, degrowth of 7.5% as compared to Rs 67.2 crore in a year ago quarter.