Oil and Gas - Strong revenue performance to support earnings - Angel Broking

Our coverage oil and gas companies are expected to report a strong revenue growth of about 20.0% yoy. However, owing to margin pressure (excluding for Cairn India) we expect earnings to post a muted growth of 2.1% yoy. For Cairn India, we expect slight improvement in margins (owing to the impact of INR depreciation and increase in realizations) as well as revenue performance which is likely to result in a healthy earnings growth for the company.

Source : Equity Bulls

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