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Indian Oil Corporation Q2FY19E Result Expectation

Indian Oil Corporation Q2FY19 Result Expectation Consensus estimates for Q2FY19E: Net Revenue: Rs1,39,680cr, up 54% yoy supported by higher realizations and higher throughput. EBITDA: Rs9,406cr, up 28% yoy. PAT: Rs4,729cr, up 28% yoy. Q1FY19 performance highlights: Revenue: Rs1,29,475cr, up 26% yoy. EBITDA: Rs12,576cr, up 142% yoy; GRMs averaged at $10.2/bbl…