Oil And Gas Sector Q1 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.Indian oil sector’s operating profit is expected to increase by 17.7% QoQ to Rs 832 billion given oil marketing companies’ robust performance (Ebitda at ~Rs 383 billion) led by improving marketing margins (blended margin of Rs 9/litre versus Rs 3 in Q4) despite lower refining spreads. Upstream companies like Oil and Natural Gas Corporation Ltd. and Oil India Ltd. India are expected to maintain production volumes and net crude realisation of ~$76-77 barrel of oil, but gas realisation will be lower at $6.5/metric million British thermal unit (Q4: $8.6). Indraprastha Gas Ltd./Mahanagar Gas Ltd. will see QoQ earnings growth from lower input prices, while Gujarat Gas Ltd. may suffer due to competition from propane despite softening input prices. We expect Reliance Industries Ltd.’s oil-to-chemical segment to report muted result due to lower refining, partly compensated by higher petchem margins. We build in steady telecom performance (+2.9%QoQ revenue growth) as we build in 1.5%QoQ average revenue per user growth while retail revenue growth will be steady. Hindustan Petroleum Corporation Ltd., Bharat Petroleum Corporation Ltd. remain are our preferred result pick..Click on the attachment to read the full report:.IT Services Q1 Results Preview - Deteriorating Macro, Wage Hikes To Impact Earnings: Motilal Oswal.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 Sector Q1 Preview - Operationally Strong Results Likely: Prabhudas Lilladher

RIL results expected to be lower QoQ due to decline in refining spreads.

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