HDFC has come out with its first quarter (April-June�� 18) earnings estimates for the Materials sector. The brokerage house expects Petronet LNG to report net profit at Rs. 358 crore up 22.8% year-on-year (up 2.8% quarter-on-quarter).
Net Sales are expected to increase by 50.3 percent Y-o-Y (up 12 percent Q-o-Q) to Rs. 9,673 crore, according to HDFC.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14.7 percent Y-o-Y (up 3.8 percent Q-o-Q) to Rs. 853 crore.
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Read More First Published on Jul 19, 2018 06:10 pm
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