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Net Sales are expected to increase by 47.2 percent Y-o-Y (up 0.7 percent Q-o-Q) to Rs. 9,854.3 crore, according to KR Choksey.
Net Sales are expected to increase by 30 percent Y-o-Y (up 3.4 percent Q-o-Q) to Rs. 8,875.6 crore, according to KR Choksey.
The throughput increased 6.34 percent to 10.256 million tonnes for FY17 compared to 9.644 million tonnes in FY16, said B Ashok, Chairman, CPCL.
While Chennai Petroleum Corp (CPCL) reported halving of its June quarter net profit on lower refinery margin, the management expects crude throughput to improve in the coming quarters.
B Ashok, Chairman of Indian Oil Corporation said throughput during FY16 was lower YoY due to some scheduled plant shut-downs and floods in Chennai.
In an interview with CNBC-TV18, B Ashok, Chairman of Indian Oil Group Companies says the capital raised will be used to repay Chennai Petro's debts and will be invested in future projects.
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.
Motilal Oswal has come with its December quarterly earning estimates for Oil and Gas sector. According to the research firm, for Q3FY12, under-recoveries are expected to increase 56% QoQ to INR336b, led by high oil prices, increased international diesel prices and rupee depreciation.
Motilal Oswal has come out with its earning estimates on Oil & Gas sector for the quarter ended September 2011. According to the research firm, Chennai Petroleum Corporation Sept quarter net sales are expected to go up by 41.9% at Rs 11523.7 crore, year-on-year, (YoY) basis.