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BPCL Q3 Earnings: Here's what to expect today

Updated : February 13, 2020 08:27 AM IST

Bharat Petroleum Corporation Limited (BPCL) is set to declare its third-quarter results on Thursday and it is expected to be a good set of numbers. Here are the key expectations:

  • Revenues are expected to go up by 7 percent to come in at Rs 68,700 crore.

  • EBITDA is expected to increase by 26 percent.

  • Margins should see a number of 4.3 percent versus 3.7 percent on a quarter on quarter basis.

  • But net profit is expected to decline because of some adjustments with respect to other income.

  • Core gross refining margins are expected to be poor at around $1.4 per bbl, which is a decline on a quarter on quarter basis.

  • Inventory gains are expected to be at $0.7 per bbl because crude prices had gone up. Reported gross refining margins (GRMs) will likely look healthier at $2.1 per bbl.

  • However, refining throughput, this time, will look lower at 7.5 million metric tonnes because the company had undertaken some maintenance shutdown.

  • In terms of marketing volumes, a 2.3 percent growth in domestic sales volumes is likely because diesel demand looked healthy in this quarter.
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