Oil marketing company Bharat Petroleum Corporation's (BPCL) profit in April-June quarter is likely to fall 12 percent quarter-on-quarter to Rs 2,251 crore, according to average of estimates of analysts polled by CNBC-TV18.
Revenue is seen rising 14 percent to Rs 50,169 crore on sequential basis. Operating profit is expected to grow 3 percent to Rs 3,593 crore but margin may shrink 70 basis points to 7.2 percent in the quarter ended June 2016.
Earnings are likely to be moderate from a very strong performance in Q4FY16. Inventory gains will be closely watched for the quarter after it reported inventory loss of nearly Rs 1,000 crore in Q4FY16.
Key factors to watch out for:-Gross refining margin (GRM) is expected at USD 5 a barrel against USD 6.3 a barrel (QoQ) and USD 8.6 a barrel (YoY)-Marketing margin is expected to remain resilient-Analysts assume that the government will provide full support for under-recoveries / DBTL (direct benefit transfer for LPG) losses-Impact of forex and inventory change
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