Oil And Gas Sector Q4 Earnings Preview - A Mixed Bag: Prabhudas Lilladher  
Flames burn from gas venting pipes on the oil platform. (Photographer: Angel Navarrete/Bloomberg)

Oil And Gas Sector Q4 Earnings Preview - A Mixed Bag: 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

Q4 FY21 Oil sector earnings are likely to be impacted by lower oil marketing companies’ earnings, even though upstream and gas space will report healthy earnings.

OMC results are also expected to get hit by lower marketing margins (no price changes given state elections) and appreciating exchange rate.

The upstream earnings will benefit from 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 economic activities gather steam even though Gujarat Gas Ltd. earnings might be lower, due to sharp jump in spot liquefied natural gas prices.

Click on the attachment to read the full report:

Prabhudas Lilladher OilGas Q4FY21 Results Preview.pdf

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