Oil And Gas Q2 Earnings Preview - To Be A Mixed Quarter: Dolat Capital

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 Q2 oil and gas sector in our coverage universe showed a sharp decline YoY, with Ebitda likely down -26% YoY/-1% QoQ to Rs 794 billion and PAT down -38% YoY, but up +5% QoQ to Rs 368 billion. Key factors impacting are-Reliance Industries’ oil-to-chemical and oil marketing company Ebitda is expected to be weaker due to - sharp fall in gross refining margin, crude inventory loss, subdued petrochemical margins along with discounts declined on Russian crude and additional to OMCs losses on sale of domestic LPG cylinder (Rs 9.5/kg);In case of city gas distributions, the APM gas allocation for priority segment slumped to 67% vs. 90% last year; currently Gujarat Gas is facing challenges at Morbi as the Ceramic industries slowdown has impacted the PNG (I) volume; Among Gas utilities Gujarat State Petronet may take big earnings hit due to slash in tariffs, but Petronet LNG's Dahej /Kochi terminal asset utilization will touch 98%/25%. .Our top picks are Mahanagar Gas, GAIL and Indraprastha Gas. Positive Surprise: GAIL’s potential surprise on gas trading margins and Indian Oil’s delay in accounting inventory loss may lead to better-than-expected gross refining margin..Click on the attachment to read the full report:.Oil, Gas Q2 Results Preview - Mixed Quarter Anticipated: PL 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 And Gas Q2 Earnings Preview - To Be A Mixed Quarter: Dolat Capital

Reliance Industries’ oil-to-chemical and OMC Ebitda is expected to be weaker due to sharp fall in GRM, crude inventory loss, subdued petrochemical margins, adds the brokerage.

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Oil And Gas Q2 Earnings Preview - To Be A Mixed Quarter: Dolat Capital

Reliance Industries’ oil-to-chemical and OMC Ebitda is expected to be weaker due to sharp fall in GRM, crude inventory loss, subdued petrochemical margins, adds the brokerage.

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