Oil And Gas Q3 Results Preview — OMCs To Drive Sector Growth; GAIL Among Dolat Capital's Top Pick

Dolat Capital expects CGDs to post the worst ever earnings mainly due to a series of APM allocation cuts and non-availability cheap source of gas to dent the Ebitda of CNG heavy companies like Indraprastha Gas and Mahanagar Gas..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.In Q3 oil and gas companies in our coverage universe exhibited significant growth, with Ebitda up +6% YoY/ 25% QoQ to Rs 920 billion and PAT up +4% YoY/ +29% QoQ to Rs 457 billion. Key growth drivers include-Record integrated margins on auto fuel backed by Gross Marketing Margins of Rs11.5/litre and recovery in GRM that is anticipated to boost OMCs earnings; andReliance Industries Ltd.'s standalone (oil-to-chemical + exploration) Ebitda that’s expected to rise on the back of improved GRM with refineries are processing >50% dis. crude and increase in KG gas realization. However, despite positive-growth drivers, OMCs faced under-recovery of Rs 94 billion/Rs 260 billion in Q3 FY25/nine months-FY25 respectively. Additionally, city gas distribution entities faced a policy uncertainty on administered price mechanism allocation with >30% cut expected to drag Ebitda by -41% YoY/-42% QoQ. Among the CGDs Gujarat Gas would be the least impacted by the policy changes related to CNG. Our top picks are GAIL and Reliance Industries.Positive Surprise: GAIL’s potential surprise on gas trading margins and Petronet LNG likely to book “Use or Pay” changes on volume shortfall by off-takers..Click on the attachment to read the full report:.Healthcare Q3 Results Preview- Ipca, Divi's Labs To Outperform Healthcare Pack, Says Motilal Oswal; Here's Why.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Oil And Gas Q3 Results Preview — OMCs To Drive Sector Growth; GAIL Among Dolat Capital's Top Pick

Oil-Gas Q3 Results Preview - Among OMCs, HPCL would be the biggest beneficiary of super-normal gross marketing margin considering higher marketing, refining, says Dolat Capital.

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