Oil, Gas Q4 Results Preview - Operationally Better: Prabhudas Lilladher

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..Prabhudas Lilladher Report.Indian oil and gas sector’s operating profit is expected to improve by 6% QoQ to Rs 978 billion. Upstream companies like Oil and Natural Gas Ltd. and Oil India Ltd. are expected to show marginal improvement in production with net crude realization of $77.5/barrel of oil post windfall tax. Similarly, gas realisation will remain unchanged QoQ at $6.5/metric million British thermal unit. City gas distributions are expected to report 7-12% YoY volume growth with strong Ebitda/standard cubic metre amid decline in spot LNG prices. Oil marketing companies are expected to report moderate gross refining margins and gross marketing margins. We expect Reliance Industries Ltd.’s oil-to-chemical segment’s operating profitability to improve on account of better refining margins although petchem spreads will continue to remain weak. We build in steady telecom performance with 2%QoQ subscriber growth and flat average revenue per user; retail revenue growth is also expected to be steady. Oil India and Gujarat State Petronet Ltd. remain our top pick in the sector..Click on the attachment to read the full report:.Oil, Gas Q4 Results Preview - Reliance Industries, Gas Utilities, CGDs Are Major Drivers: Dolat Capital.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, Gas Q4 Results Preview - Operationally Better: Prabhudas Lilladher

Reliance Industries results expected to be improve QoQ with stronger refining margins

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