Tomorrow Gujarat Gas and PSU bank PNB results are coming. Let us see how they can perform in the third quarter.
It is estimated that in the third quarter, Gujarat Gas sales volume may increase significantly. At the same time, EBITDA will also see improvement. The effect of all this will be seen in the company’s profits. It is estimated that the company’s profit in the third quarter may grow by 56 per cent year-on-year to Rs 306 crore as against Rs 197 crore in the third quarter of last year.
The company’s EBITDA margin is also expected to increase in the third quarter. On an annual basis, it can increase 400 basis points to 19.1 percent. However, there may be a weakness in margins on a quarterly basis. The company’s CNG segment may see volume de-growth due to problems related to COVID. At the same time, it may show a growth of 12 per cent on a quarterly basis.
The company’s PNG segment is expected to show 13 per cent growth year-on-year. This is due to the strong recovery in the industrial segment. It is expected that due to the growth in the industrial sector, the company’s PNG business will see an increase.
Punjab National Bank
PNB Bank’s results are also coming tomorrow. It is expected that the bank’s interest income will decline by 10.3 per cent to Rs 7530.8 crore on a quarterly basis from Rs 8393.2 crore in the previous quarter. The bank’s profits may see a decline of 43.3 per cent on a quarterly basis and may come to Rs 352.3 crore as compared to Rs 620.8 crore in the third quarter of last year.
Explain that due to the merger, here we are estimating the performance of the company on a quarterly basis.
In the bank’s results yesterday, we have to keep in mind that in the third quarter it has raised Rs 3788 crore through QIP. The bank’s deposit and loan book are expected to be flat on a quarterly basis in yesterday’s results, while the net interest margin may decline. Apart from this, there may also be an increase in provisioning.