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Prabhudas Lilladher has come out with its first quarter (April-June’ 21) earnings estimates for the Oil & Gas sector. The brokerage house expects Petronet LNG to report net profit at Rs 776.1 crore up 49.2% year-on-year (up 24.5% quarter-on-quarter).
Net Sales are expected to increase by 68.9 percent Y-o-Y (up 8.9 percent Q-o-Q) to Rs 8,249.5 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 35.8 percent Y-o-Y (up 13.3 percent Q-o-Q) to Rs 1,235.8 crore.
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