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Net Sales are expected to increase by 1.7 percent Y-o-Y (down 5.4 percent Q-o-Q) to Rs. 1,82,790 crore, according to PL Capital.
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Among major corporates that have announced their December quarter earnings, so far, Indian Oil Corporation has clocked the biggest year-on-year jump in net profit at a whopping 1,071 percent
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Net Sales are expected to increase by 54 percent Y-o-Y (up 75.4 percent Q-o-Q) to Rs. 31,522 crore, according to Prabhudas Lilladher.
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The cumulative net loss of OMCs in the September quarter will be the highest since the June quarter of 2012-13 when they reported a combined loss of Rs 40,536 crore
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While the sector reported decent earnings growth in the previous quarter, the government’s imposition of special duties on oil production and export of crude oil products have weighed on the performance.
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Net Sales are expected to increase by 45.2 percent Y-o-Y (up 20.5 percent Q-o-Q) to Rs. 2,37,521.9 crore, according to ICICI Direct.
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Net Sales are expected to increase by 118.2 percent Y-o-Y (up 10 percent Q-o-Q) to Rs 1,36,118.6 crore, according to Prabhudas Lilladher.
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Among all three OMCs, BPCL’s results were impressive.
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Net Sales are expected to decrease by 0.2 percent Y-o-Y (down 0.2 percent Q-o-Q) to Rs. 1,31,820 crore, according to Sharekhan.
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Net Sales are expected to decrease by 7.1 percent Y-o-Y (down 6.2 percent Q-o-Q) to Rs. 1,40,844.2 crore, according to ICICI Direct.
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Kotak Institutional Equities feels profit fall could be 80 percent QoQ and 82.3 percent YoY and revenue may decline 1 percent QoQ and 3.5 percent YoY.
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Net Sales are expected to decrease by 3.5 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 124,984.6 crore, according to Kotak.
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Net Sales are expected to increase by 1.5 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs. 1,31,394.3 crore, according to Prabhudas Lilladher.
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Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 6.9 percent Y-o-Y (up 184.2 percent Q-o-Q) to Rs. 10,258.7 crore.
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Net Sales are expected to increase by 8.5 percent Y-o-Y (down 9 percent Q-o-Q) to Rs. 127,395 crore, according to Prabhudas Lilladher.
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Net Sales are expected to increase by 20 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 141,093.2 crore, according to Kotak.
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Indian Oil Corporation reported a fall of 78 percent in its net profit for the December quarter to Rs 716 crore against Rs 3,247 crore that the company reported last quarter.
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Gross refining margin saw a surprisingly steep fall during the quarter under review. Inventory losses impacted profits
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Brokerages have remained bearish on the stock and expect a subdued show in the second half of this fiscal.
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Indian Oil is likely to see weaker performance in Q2 impacted by lower inventory gains, gross refining margins (GRMs) are likely to be muted as well, brokerages said
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Revenue is expected to grow robustly at more than 20 percent but due to margin headwinds and extended provisioning requirements of corporate lenders, bottom-line improvement is slow
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Although there has been a substantial correction in stock prices, we approach the current year with caution given the increasing global uncertainty, rising crude oil prices, growing agitation against higher petrol and diesel prices in domestic markets and government’s unwillingness to reduce taxes on fuel
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Net Sales are expected to increase by 30.3 percent Y-o-Y (up 17 percent Q-o-Q) to Rs. 137,329.5 crore, according to KR Choksey.
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Net Sales are expected to increase by 35.6 percent Y-o-Y (up 18.6 percent Q-o-Q) to Rs. 1,39,187 crore, according to HDFC.
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Net Sales are expected to increase by 29.7 percent Y-o-Y (up 13.4 percent Q-o-Q) to Rs. 1,33,121 crore, according to Kotak.
