Oil, Gas Q2 Results Preview - Mixed Quarter Anticipated: PL 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..PL Capital Report.Operating profit of the oil and gas sector in India is expected to remain flat QoQ to Rs 855 billion. Realizations of upstream companies like Oil and Natural Gas Corporation Ltd. and Oil India Ltd. are expected to decline marginally QoQ amid fall in crude oil prices with net crude realisation at $73.8/barrel of oil post windfall tax, while gas realization at $6.5/metric million British thermal unit to remain unchanged QoQ. ONGC’s production is likely to decline marginally QoQ, while Oil India’s production is expected to improve. City gas distributions are expected to report better operating profit amid price hikes undertaken by them. OMCs are likely to report weak gross refining margins, but gross marketing margins are expected to come in strong. We expect operating profitability of RIL’s O2C segment to remain weak on account of weak refining margins, and petchem spreads to remain weak. We build in steady telecom performance on the back of tariff hike with an average revenue per user of Rs 194; retail revenue growth is also expected to be steady. Oil India remains our top pick in the sector..Click on the attachment to read the full report:.Metals, Mining Q2 Results Preview - China Stimulus Likely To Support Domestic Steel Prices: Axis Securities.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 Q2 Results Preview - Mixed Quarter Anticipated: PL Capital

The brokerage expects operating profitability of RIL’s oil-to-chemical segment to remain weak on account of weak refining margins, and petchem spreads to remain weak.

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Oil, Gas Q2 Results Preview - Mixed Quarter Anticipated: PL Capital

The brokerage expects operating profitability of RIL’s oil-to-chemical segment to remain weak on account of weak refining margins, and petchem spreads to remain weak.

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