BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
We see earnings of gas giant GAIL IndiaLtd. and oil marketing company behemoth Indian Oil Corporation Ltd. surging by 82%/46.2% YoY while the remaining seven companies will see marginal to material decline in earnings in Q3 FY22E.
All companies will see material topline growth based on a significant spike in underlying oil/gas prices YoY.
Q3 FY22 average Brent crude oil price is up 76.3% YoY at $78.5/barrel of oil while the price of domestic gas/Japan Korea Marker liquefied natural gas one million futures is up - 62%/3.3 times in Q3 FY22 YoY. The JKM gas benchmark average is also up 95% QoQ.
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