Kotak has come out with its first quarter (April-June 18) earnings estimates for the Energy sector. The brokerage house expects HPCL to report net profit at Rs. 1,373 crore up 48.5% year-on-year (down 21.4% quarter-on-quarter).
Net Sales are expected to increase by 28.7 percent Y-o-Y (up 13.1 percent Q-o-Q) to Rs. 68,787.6 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 57.9 percent Y-o-Y (down 12 percent Q-o-Q) to Rs. 2,571.1 crore.
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First Published on Jul 17, 2018 05:57 pm