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energy | IST

BPCL Q4 earnings today: What you should watch out for

Bharat Petroleum Corporation Ltd (BPCL) will be reporting its fourth-quarter earnings on Monday and analysts expect the oil refiner to report a good set of results this time.

Bharat Petroleum Corporation Ltd (BPCL) will be reporting its fourth-quarter earnings on Monday and analysts expect the oil refiner to report a good set of results this time.
  • Revenues are expected to decline slightly by 7 percent but EBITDA is expected to increase substantially to Rs 4,820 crore versus Rs 737 crore last quarter.
  • The operating profit margins are seen up at 6.3 percent versus 0.94 percent quarter on quarter. The profits are also expected to expand to Rs 3,200 crore levels.
  • The key number to watch out for would be the core GRMs (gross refining margins) that are expected to come in at $3 per barrel and would be a decline sequentially on low gasoline cracks. However, reported GRMs are expected to increase to $5/barrel versus $2.8/barrel because of higher inventory gains. The inventory gains would be $2/barrel.
  • The refining output is expected to increase. In marketing segment as well the margins are expected to increase and almost double on a sequential basis, along with an increase in sales volumes. A lot of brokerages expect an inventory gain of Rs 1,000 crore for the company.