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Earnings

BPCL, HPCL to announce Q2 numbers: Here's what to expect

Updated : November 07, 2019 09:32 AM IST

Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) are set to announce their quarterly numbers today. Here's what to expect:

BPCL:
  • Revenues are expected to decline by around 8 percent.
  • EBITDA should see a growth of almost 45 percent at Rs 3,154 crore.
  • Operating profit margins should also increase to 4.5 percent versus 2.8 percent earlier as there will be better gross refinery margins (GRMs) and better inventory gains this time.
  • A profit growth of almost 53 percent is likely.
  • In terms of core GRMs, a growth of around 68 percent on a QoQ basis is expected. However, they are expected to decline by 16 percent on a YoY basis.
  • The marketing volumes for BPLC are expected to increase by around 3.5 percent.
  • Marketing margins are also expected to see an increase of 12 percent.
  • Inventories are expecting negligible losses or gain.
HPCL:
  • A good set of numbers is expected with profit growth of 79 percent.
  • EBITDA is likely to grow by 72 percent.
  • Operating profit margins are expected to come in at 4 percent.
  • Core GRMs are expected to increase to $5.8 per bbl.
  • Marketing volumes are also expected to go up by around 4.5 percent.
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