Hindustan Petroleum's Q4 earnings: Key factors to watch
Hindustan Petroleum is expected to post around 43%YoY jump in Q4 profit on improved GRMs.
State-run Hindustan Petroleum (HPCL) is likely to post 42.7 percent year-on-year jump in March quarter profit to Rs 6612 crore on higher refining margins and lower under-recovery due to diesel decontrol and lower LPG (liquefied petroleum gas) subsidy.
Sales are also expected to climb around 4.4 percent to Rs 54,774 crore, estimates a CNBC-TV18 poll.Read This:Near-term top pick HPCL; long-term BPCL: Quant Capital
Factors to watch - Gross refining margins (GRMs) seen at USD3.8/bbl vs USD1.9/bbl quarter-on- quarter- GRM uptick due to recovery in both diesel and gasoline cracks. - GRMs in Q3 were weak due to stabilisation issues- Q4 gross under-recovery was down 5 percent QoQ due to the impact of diesel reforms and lower LPG subsidies.- 9MFY13, loss stood at Rs 6,770 crore as the company had to bear a net under-recovery of Rs 5,500 crore 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!
