Prabhudas Lilladher has come out with its first quarter (April-June’ 21) earnings estimates for the Oil & Gas sector. The brokerage house expects Mahanagar Gas to report net profit at Rs 162.1 crore up 258.3% year-on-year (down 23.8% quarter-on-quarter).
Net Sales are expected to increase by 126.4 percent Y-o-Y (down 17.4 percent Q-o-Q) to Rs 592.6 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 206 percent Y-o-Y (down 22.6 percent Q-o-Q) to Rs 244.7 crore.
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