HDFC has come out with its first quarter (April-June�� 18) earnings estimates for the Materials sector. The brokerage house expects ONGC to report net profit at Rs. 7,035 crore up 80.9% year-on-year (up 18.9% quarter-on-quarter).
Net Sales are expected to increase by 44.2 percent Y-o-Y (up 14.7 percent Q-o-Q) to Rs. 27,503 crore, according to HDFC.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 41 percent Y-o-Y (up 22.4 percent Q-o-Q) to Rs. 13,931 crore.
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Read More First Published on Jul 19, 2018 05:57 pm
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