BPCL likely to post loss of Rs 500 cr in Q3

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BPCL likely to post loss of Rs 500 cr in Q3

State-owned oil marketing company BPCL is expected to report a loss of Rs 500 crore in the October-December quarter of FY12. However, its operating profit is likely to be at Rs 135.3 crore.

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State-owned oil marketing company BPCL is expected to report a loss of Rs 500 crore in the October-December quarter of FY12. However, its operating profit is likely to be at Rs 135.3 crore.

Sales during the same quarter are expected to be at Rs 49,340 crore.

Highlights

* BPCL will post a significant profit in Q3 after govt cash dole out

* Govt has allocated subsidy for 2 quarters at Rs 15,000crore per quarter

* Of this, BPCL should get over Rs 7000 crore in Q3 

* BPCL Q2 GRM was USD 1.7/barrel; core GRM expected to be weaker