State-run oil retailer IOC's fourth quarter profit is seen rising 33.4 percent to Rs 4,077 crore compared to December quarter, according to analysts polled by CNBC-TV18. Earnings will be announced on May 27.
Revenue is likely to decline 10 percent to Rs 75,097 crore in Q4 compared to Rs 83,462 crore in Q3.
Operational numbers may boost bottomline. Operating profit (EBIDTA - earnings before interest, tax, depreciation and amortisation) may jump 43.7 percent sequentially to Rs 7,531 crore and margin may expand 370 basis points to 10 percent in Q4.
Watch out for:-Update on commercial dispatches from Paradeep refinery project,-Gross refining margin,-Capex plans, -Forex/inventory changes
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