Net Sales are expected to decrease by 4.4 percent Y-o-Y (down 4.9 percent Q-o-Q) to Rs. 64,624.1 crore, according to Kotak.
Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Oil, Gas & Consumable Fuels sector. The brokerage house expects HPCL to report net profit at Rs. 701.5 crore down 59.2% year-on-year (down 76.5% quarter-on-quarter).
Net Sales are expected to decrease by 4.4 percent Y-o-Y (down 4.9 percent Q-o-Q) to Rs. 64,624.1 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 50.7 percent Y-o-Y (down 69.5 percent Q-o-Q) to Rs. 1,573.3 crore.
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