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.