BPCL, HPCL, IOC Q2: Analysts expect loss
Oil marketing companies like BPCL, IOC and HPCL will report their second quarter numbers today. Analysts on an average expect these companies to post a loss in the absence of government compensation.
November 09, 2012 / 11:32 IST
Oil marketing companies like BPCL, IOC and HPCL will report their second quarter numbers today. Analysts on an average expect these companies to post a loss in the absence of government compensation.
Oil retailers have not received compensation yet. There are indications of supplementary grant in winter parliament session.Inventory and foreign exchange gains are likely to boost gross refining margin, which will be the key support.IOC being the biggest refiner among the three will have larger inventory gains.Investors should see if oil marketing companies can track benchmark margin strength of 35 percent QoQ. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
