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Q2FY21 preview: Expect revenue decline of 22% YoY in oil & gas space

Updated : October 16, 2020 03:39 PM IST

Expect core gross refining margins (GRMs) of BPCL, HPCL and IOCL to decline owing to fall in spreads, said the brokerage.
RIL's refining business should be weak owing to lower volumes, offset by an increase in GRM, it added further.
Q2FY21 preview: Expect revenue decline of 22% YoY in oil & gas space

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