Gross Refining Margin

The company has shown better performance in terms of gross refining margins. Given the higher crude oil prices and their ability to source heavy duty crude at a lower price, the GRM in the third and fourth quarter should remain high, says Deven Choksey, Managing Director at KR Choksey Investment Managers.

BPCL Q1 profit rises 11% to Rs 2620 cr, GRM at $6.09/bbl

Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) grew by 3 percent year-on-year to Rs 3,919 crore and margin expanded by 37 basis points to 6.87 percent in June quarter.

HPCL shines in Q1, profit jumps 30%; declares 2:1 bonus issue

Gross refining margin (GRM), the difference between total value of petroleum products and price of crude, stood at USD 6.83 a barrel during the quarter against USD 8.56 a barrel, which was far ahead of expectations of USD 4.9 per barrel.

Essar Oil to invest Rs 1,600 cr to upgrade refinery, boost GRM

The project will be funded through internal accruals only as company generates USD 1 billion EBIDTA and saves good amount of money every year, Gupta said.

Inventory gains boosted RIL's refining margins: Experts

Petrochemical business can grow further, said Prakash Diwan. Delayed launch of Reliance Jio is an overhang on the stock, he said. Market experts SP Tulsian, Deven Choksey and Sudip Bandopadhyay also weighed in on the results.

RIL Q1 beats estimates, profit up 4.4%; GRM surges to $11.50/bbl

Reliance Industries' first quarter gross refining margin surged to USD 11.50 a barrel for the quarter ended June 2016 from USD 10.8 a barrel in March quarter.

Expect throughput to be better in FY17: Chennai Petro

B Ashok, Chairman of Indian Oil Corporation said throughput during FY16 was lower YoY due to some scheduled plant shut-downs and floods in Chennai.

MRPL posts 15% rise in net profit

Mangalore Refinery and Petrochemicals Ltd (MRPL) on May 12 reported a 15.6 percent rise in the March quarter net profit on back of higher margins on turning crude oil into fuel

Chennai Petroleum up 10%; KR Choksey initiates coverage with buy

CPCL has initiated efforts to reduce working capital requirement by reducing credit period to 10 days (from 16 days) for products sold to IOC and better inventory management initiatives (now 35 days against 52 days earlier).

Hope to clock GRMs of $5-6/ bbl in Q4: BPCL

P Balasubramanian, director-finance at BPCL, says the December quarter was a good one, especially on the refining side

RIL's Q2 performance: Here's what experts feel

Mayuresh Joshi of Angel Broking reacted by saying it is a clear beat — exceptional set of numbers on the refining as well as on the petchem side

Reliance beats estimates, Q2 profit up 4%, GRM at 7-yr high

The petrochemical major reported a revenue of Rs 60,817 crore for the quarter compared to Rs 65,817 crore in preceding quarter

Oil India Q3 profit may rise 2.5% to Rs 925 cr QoQ: Poll

State-run Oil India will announce its third quarter (October-December) earnings today. According to CNBC-TV18 poll, analysts expect net profit of the company to rise 2.5 percent at Rs 925 crore compared to a year-ago period.

RIL petchem margins may improve 1-1.5% ahead: Baliga

Ambareesh Baliga is positive on RIL‘s Q3 numbers and expects the stock to perform well.

Real chance of diesel deregulation in 2014: Essar Oil

In an interview with CNBC-TV18, Lalit Kumar Gupta, CEO of Essar Oil, spoke about a host of issues, including the possibility of complete diesel deregulation in 2014, the company‘s refining margins and its expansion plans.

Will gas price talks overshadow Reliance's Q1 performance?

Analysts on an average expect RIL to post profit of anything between Rs 5,500- 6,000 crore on revenues of Rs 92,000 crore in June quarter. The firm had posted Rs 44730 crore profit on revenues of Rs 918750 crore in the year-ago period.

Experts decode: What went wrong on RIL's petchem shocker

Prayesh Jain, analyst - Oil & Gas at IIFL was expecting the GRMs to be around USD 7 and says this USD 1 premium could have been because of the product mix possibly which could have been shifted towards gasoline.

KG-D6 woes: Falling production big reason for low GRMs

CNBC-TV18 learns the falling gas production at the KG-D6 is a significant reason for RIL reporting its lowest historical gross refining margin in Q2 by USD 1 per barrel.