Oil And Gas Q4 Results Preview - Operationally Strong Results Likely: Prabhudas Lilladher

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Prabhudas Lilladher Report.In Q4 FY23, Indian oil sector’s operating profit is expected to increase by 19% QoQ to Rs 625 billion, despite factoring no subsidy benefits. Oil marketing companies’ Q4 Ebitda will likely be at Rs 203 billion led by improving marketing margins (blended margin of Rs 3.3/litre versus loss of Rs 3 in Q3) even though diesel margins will be lower (lower $14/barrel of oil QoQ). Upstream segment profitability will be muted, given steady oil (~$75/bbl) post windfall tax and gas price of $8.6/metric million British thermal unit. Indraprastha Gas Ltd./Mahanagar Gas Ltd. will see earnings QoQ earnings growth due to retail price changes and lower spot liquefied natural gas prices. We expect Reliance Industries Ltd. to report operationally weak results due to lower diesel margins partly compensated by higher petchem margins. We build in steady telecom performance (up 3.3%QoQ revenue growth) as we build in 2.1%QoQ average revenue per user growth. We also build in healthy retail revenue growth. For results, OMCs will benefit from sharp recovery in marketing margins while Indraprastha Gas will gain from drop in spot LNG prices..Click on the attachment to read the full report:.Oil, Gas, Petchem Q4 Results Preview- Steady Improvement Likely: ICICI Securities.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Oil And Gas Q4 Results Preview - Operationally Strong Results Likely: Prabhudas Lilladher

OMCs will benefit from sharp recovery in marketing margins while Indraprastha Gas will gain from drop in spot LNG prices.

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