KR Choksey has come out with its first quarter (April-June�� 18) earnings estimates for the Oil & Gas sector. The brokerage house expects Gujarat State Petronet to report net profit at Rs. 166.9 crore up 9.4% year-on-year (up 6% quarter-on-quarter).
Net Sales are expected to increase by 24.1 percent Y-o-Y (up 4.9 percent Q-o-Q) to Rs. 367.7 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 10 percent Y-o-Y (up 4.9 percent Q-o-Q) to Rs. 303.5 crore.
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Read More First Published on Jul 22, 2018 07:24 pm
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