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Net Sales are expected to increase by 19 percent Y-o-Y (down 1.1 percent Q-o-Q) to Rs. 1,05,620 crore, according to PL Capital.
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Among major corporates that have announced their December quarter earnings, so far, Indian Oil Corporation has clocked the biggest year-on-year jump in net profit at a whopping 1,071 percent
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The cumulative net loss of OMCs in the September quarter will be the highest since the June quarter of 2012-13 when they reported a combined loss of Rs 40,536 crore
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While the sector reported decent earnings growth in the previous quarter, the government’s imposition of special duties on oil production and export of crude oil products have weighed on the performance.
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Net Sales are expected to increase by 54 percent Y-o-Y (up 26.9 percent Q-o-Q) to Rs. 1,31,206.2 crore, according to ICICI Direct.
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Net Sales are expected to increase by 65.3 percent Y-o-Y (down 16.7 percent Q-o-Q) to Rs 62,362.9 crore, according to Prabhudas Lilladher.
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Among all three OMCs, BPCL’s results were impressive.
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Net Sales are expected to decrease by 3.3 percent Y-o-Y (down 8.1 percent Q-o-Q) to Rs. 64,956 crore, according to Sharekhan.
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Net Sales are expected to decrease by 2.7 percent Y-o-Y (down 4.6 percent Q-o-Q) to Rs. 71,374.9 crore, according to ICICI Direct.
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Net Sales are expected to decrease by 4.4 percent Y-o-Y (down 4.9 percent Q-o-Q) to Rs. 64,624.1 crore, according to Kotak.
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Net Sales are expected to decrease by 7.3 percent Y-o-Y (down 7.7 percent Q-o-Q) to Rs. 62,681 crore, according to Prabhudas Lilladher.
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Net Sales are expected to increase by 8 percent Y-o-Y (down 9 percent Q-o-Q) to Rs. 65,648.9 crore, according to Prabhudas Lilladher.
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Net Sales are expected to increase by 28 percent Y-o-Y (up 8 percent Q-o-Q) to Rs. 77,663.2 crore, according to Kotak.
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Gross refining margins (GRMs) saw a dip that was much in line with the global contraction, with substantial inventory losses also having impacted the company's profits.
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Input cost pressure is being increasingly absorbed by companies as the demand environment in weakening
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Although there has been a substantial correction in stock prices, we approach the current year with caution given the increasing global uncertainty, rising crude oil prices, growing agitation against higher petrol and diesel prices in domestic markets and government’s unwillingness to reduce taxes on fuel
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Net Sales are expected to increase by 23.2 percent Y-o-Y (up 8.3 percent Q-o-Q) to Rs. 65,870.5 crore, according to KR Choksey.
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Net Sales are expected to increase by 36.9 percent Y-o-Y (up 20.4 percent Q-o-Q) to Rs. 73,215 crore, according to HDFC.
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Net Sales are expected to increase by 28.7 percent Y-o-Y (up 13.1 percent Q-o-Q) to Rs. 68,787.6 crore, according to Kotak.
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Net Sales are expected to increase by 17.5 percent Y-o-Y (up 5.3 percent Q-o-Q) to Rs. 60,518.9 crore, according to KR Choksey.
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Net Sales are expected to increase by 20.8 percent Y-o-Y (up 8.3 percent Q-o-Q) to Rs. 62,249 crore, according to HDFC Securities.
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In an interview to CNBC-TV18, MK Surana, CMD of HPCL spoke about the results and his outlook for the company.
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Investors could also watch out for the gross refining margins (GRMs) as the figure declared by Indian Oil disappointed the Street. It is expected to be around USD 8.8 per barrel against Q1’s reported figure of USD 5.86 per barrel.
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Oil and Natural Gas Corp (ONGC) posted good set of second quarter earnings and is set for a strong third quarter earnings on back of higher crude prices. Throwing more light on the earnings and the outlook going forward AK Srinivasan, Director-Finance, ONGC said for every USD 1 crude change for a full volume of one year, we have topline will increase by Rs 900 crore and profit will increase by Rs 400 crore.
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A strong rise in gross refining margins quarter on quarter and an increase in petrol and diesel marketing margin are positive catalysts.
