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