Oil And Gas Sector Q3 Earnings Preview: A Mixed Bag, Says Prabhudas Lilladher 
Flames burn from gas venting pipes on the oil platform. (Photographer: Angel Navarrete/Bloomberg)

Oil And Gas Sector Q3 Earnings Preview: A Mixed Bag, Says Prabhudas Lilladher 

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.

Prabhudas Lilladher Report

Q3 FY21 oil sector earnings are likely to be impacted by lower inventory gains even though core performance is likely to improve sequentially.

The oil marketing companies results are also expected to get hit by lower inventory gains, appreciating exchange rate and muted refining margins.

The upstream earnings will be hit from lower gas realisation despite marginally higher crude prices.

Reliance Industries Ltd.’s standalone earnings are likely to improve given higher petrochemicals profitability.

Gas stocks are expected to report an improvement in QoQ level, as and how economic activities gather steam.

Click on the attachment to read the full report:

Prabhudas Lilladher Oil&Gas Q3 Earnings Preview.pdf

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