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.