BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Report
Revenue for our coverage universe is likely to decline by approximately 22% YoY owing to the lockdown and a sharp correction in crude oil and gas prices.
This has resulted in a decline in sales for oil marketing companies, GAIL India Ltd. and city gas distribution entities and lower realisation for upstream companies.
We expect Ebitda for oil and gas companies under our coverage to decline by approximately 26% YoY in Q2 owing to lower refining margins and per unit Ebitda margins for CGD companies.
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