Gross Refining Margins

Analysts will watch out for more clarity on the Rs 75,000-crore investment in the new energy business, growth in retail store additions and pricing in the telecom business

Oil mkt over-supplied, prices may not rise significantly: HPCL

The decision of the OPEC countries to cut output in an effort to reduce global glut has created ripples in the oil market. But, HPCL's Chief, MK Surana believes prices will not rise substantially.

IOC's Q3 net seen rising 77% to Rs 5539 cr

Analysts polled by CNBC-TV18 feel inventory gains could spring a surprise in the company's December quarter earnings. GRMs could be better in the third quarter after being lower in Q2 due to weak diesel spreads and inventory losses.

HPCL earmarks Rs 20,900 cr for expansion, to add 500 outlets

In an interview with CNBC-TV18, MK Surana, CMD of HPCL said that it will bring in better operational efficiency to improve its gross refining margins (GRMs) going ahead and will maintain GRMs if there is an upward stability in crude.

Expect to beat S'pore benchmark by $1.50-2 a barrel soon: MRPL

The gross refining margins (GRMs) stood at USD 10.01 per barrel compared to USD 6.62 per barrel same quarter last fiscal.

September refining margins expected at $5 per barrel: BPCL

BPCL's marketing and refining segments saw a healthy growth, said P Balasubramanian, Director Finance of the company.

RIL stock has 15% upside post Q1: IIFL

In an interview with CNBC-TV18, he said that operational performance of refining segment was much better and refining; petrochemical could see better times ahead.

Buy RIL for target price of Rs 1200: IDBI Cap

The next trigger for the stock would be launch of Reliance Jio and the commentary on its expected performance, said Sudeep Anand of IDBI Capital Markets Services.

GRMs of oil marketing cos may recover on strong demand: Report

Gross refining margins (GRMs) of public-sector oil marketing companies may recover on account of strong demand and higher marketing margins, says a report

HPCL meets street estimates with net profit at Rs 1588 cr

With fall in global crude prices, the gross refining margins improved by more than USD 6 to come in at over USD 8.50 barrel for HPCL.

To raise Rs 1K cr to boost Chennai Petro balance sheet: IOC

In an interview with CNBC-TV18, B Ashok, Chairman of Indian Oil Group Companies says the capital raised will be used to repay Chennai Petro's debts and will be invested in future projects.

How to play Reliance post stellar Q4 nos

Tarun Lakhotia of Kotak Securities say the fair value estimate based on FY17 numbers is Rs 1,040 per share, which is valuing refining and petrochemical segments at 6 times EV/EBITDA.

Mkt may see new highs before H1 2015-end: Emkay

Krishna Kumar Karwa, MD, Emkay Global Financial Services believes it is possible to see the market take out new highs before the first half of FY15. But for it to sustain, it has to be supported by earnings growth, he cautions.

Weak rupee hit Q1 margins; profits to revive by Q3: CPCL

CPCL's gross refining margin (GRM) for Q1 stood at USD 4.30 per barrel. Basu hopes to maintain it at current level if crude prices continue to remain stable.

This is what analysts make of Reliance Industries post Q1

Gas price hike, as suggested by the Rangarajan Committee will not only improve realizations but will also accelerate upstream activities for Reliance Industries.

Earnings in line; high GRM levels unsustainable: JM Fin

Mehul Thanawala, VP-research JM Financial says, in an analysis of RIL earnings on CNBC-TV18, that while the earning are in line with expectations the high levels of gross refining margins (GRM) are not sustainable in the long run.

RIL's volatile GRM a concern; accumulate on dips: HDFC Sec

Aishwarya Deepak, Analyst - Oil & Gas, HDFC Securities believes that although from a long term perspective things are in favour refinery major Reliance Industries, in the intrim period- (from now to 2015) volatility in gross refining margins could be a concern.

IOC Q4 net beats analyst estimates on high susbsidy

State-owned Indian Oil Corporation improved gross-refining margins to USD 2.39 per barrel amidst falling global crude prices to quadruple profit to Rs 14,512 crore.

Will Barmer refinery boost HPCL's refining margins?

State-run Hindustan Petroleum has signed an agreement with Rajasthan government to build 9 million tones per annum refinery-cum petrochemical complex for Rs 37,230 crore.

Essar Oil turns profitable in Q3 on better refining margins

Essar Oil has posted a net profit of Rs 32 crore for the December quarter when compared with a loss of Rs 362 crore, year-on-year mainly on improved margins.

Should OMCs expect timely subsidy from govt in 2013

Oil marketing companies (OMCs) continue to take a hit on sale of petroleum products due to delay in government subsidy.

Re, crude fall hurt margins; to improve in Q2: Essar Oil

MD and CEO of Essar Oil, LK Gupta, tells CNBC-TV18 that the profitability of the company was hurt by falling crude prices and the sharp rupee depreciation during the quarter.

RIL's Q1 net dips 21% on weak petchem margins

Reliance Industries' (RIL's) net profit for the June quarter fell 21% to Rs 4470 crore on dwindling margins in its refining and petrochemicals businesses.

RIL net to dip on weak petchem margin, falling KG-D6 output

Reliance Industries Ltd (RIL) is expected to post a Year-on-Year (y-o-y) decline in profit for the third consecutive quarter (April-June) as margins in its core businesses of refining and petrochemicals continue to be under pressure.

Essar Oil posts Q3 loss on sales tax provision

Essar Oil (EOL) has reported a net loss of Rs 3,968 crore for the December quarter compared to a net profit of Rs 273 crore in the year-ago period, mainly due to an exceptional debit of Rs 4,015 crore ---which the company will have to keep aside to pay taxes to Gujarat Government.