Bharat Petroleum Corporation Ltd (BPCL) is set to announce its quarterly results on Friday and the street is expecting a weak set of numbers as the Singapore gross refining complex margins have been at a multi-quarter low.
Here are the key expectations:
- Some brokerages are expecting a loss.
- In terms of revenue, the street is expecting a decline of around 3 percent.
- EBITDA is expected to decline by 65 percent.
- In terms of operating profit margins, the analysts are expecting a contraction of around 350 basis points (bps). One basis point is a hundredth of a percentage point.