BPCL Q4 profit seen up 43% at Rs 2123 cr, inventory & GRM key

Oil retailer BPCL's fourth quarter profit is seen rising 43 percent to Rs 2,123 crore and revenue may increase 6 percent to Rs 49,451 crore compared to preceding period, according to average of estimates of analysts polled by CNBC-TV18.

Lack of inventory losses, increased gross refining margin (GRM), higher marketing margins, nil subsidy sharing for oil marketing companies and refinery throughput (expected at 6mmt for Q4FY16 against 6.1mmt in Q4FY15 and 5.9mmt in Q3FY16) may reflect in bottomline.

Operating profit is likely to increase 39 percent to Rs 3,348 crore and margin may expand 160 basis points to 6.8 percent compared to previous quarter.

Key issues to watch out for:-Inventory and forex change impact-GRM-Kochi refinery expansion-Update on Mozambique/Brazil E&P blocks