Bharat Petroleum Corporation (BPCL) will announce its April-June quarter earnings today. Analysts on an average expect net loss of the state-run oil marketing company to fall to Rs 2,250 crore from Rs 8,840 crore year-on-year, according to a CNBC-TV18 poll.
Sales are seen going up to Rs 57,400 crore in first quarter from Rs 54,520 crore reported in a year ago period while earnings before interest, tax, depreciation & amortisation (EBITDA) loss is expected to be at Rs 1,259 crore as against Rs 8,180 crore Y-o-Y.
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Analysts see gross refining margins (GRMs) of the company to stand at USD 4.4 a barrel due to lower benchmark margins and forex loss of Rs 1400 crore on its forex debt.
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