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Earnings

IOC Q4FY21 preview: Street expects overall revenue growth at 13%

Updated : May 18, 2021 19:03:58 IST

Indian Oil Corporation (IOC) will report its Q4 results on Wednesday and CNBC-TV18 poll is expecting a good quarter from the oil marketing giant.

The growth is expected to be driven by the refining and the petchem segment.

Overall, an analyst dip-stick by CNBC-TV18 sees revenue growth of 13 percent at Rs 1.2 lakh crore. EBITDA is expected to see a 4 percent uptick at Rs 10,000 crore. Margins might fall a tad to at 8.50 percent versus 9 percent on a quarter-on-quarter basis. The PAT or the net profit is expected to rise 17 percent.

Inventory gains will also drive the reported earnings this time around.

CNBC-TV18’s Sonal Bhutra has more details.

Watch the video for more.
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