Rahnuma : Kotak has come out with its first quarter (April-June’ 18) earnings estimates for the Energy sector. The brokerage house expects Oil India to report net profit at Rs. 631.2 crore up 40.2% year-on-year (down 37.3% quarter-on-quarter).
Net Sales are expected to increase by 19.6 percent Y-o-Y (down 7 percent Q-o-Q) to Rs. 2,788.6 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 30.5 percent Y-o-Y (up 13.5 percent Q-o-Q) to Rs. 1,202.6 crore.
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