Oil & gas Q2 results preview: Will RIL and OMCs deliver a positive surprise amid steady crude oil prices?
Oil & gas Q2 results preview: Led by a strong performance from the oil marketing companies (OMCs) and India’s biggest listed company, Reliance Industries (RIL), analysts expect a robust year-on-year (YoY) growth for the oil and gas sector even though the performance may moderate on a sequential basis.
Commenting on the overall outlook for oil & gas companies under its coverage, ICICI Securities expects profit after tax (PAT) to improve 14% YoY but dip 9% quarter-on-quarter (QoQ). Meanwhile, earnings before interest, tax, depreciation and amortisation (EBITDA) could rise by 20% YoY but decline 7% QoQ.
