homevideos Newsearnings NewsBPCL Q1 earnings: Analysts expect growth in revenue but margins, profit likely to fall
BPCL Q1 earnings: Analysts expect growth in revenue but margins, profit likely to fall
Bharat Petroleum Corporation Ltd (BPCL) is set to report its Q1FY20 earnings. Here are the key expectations.
Bharat Petroleum Corporation Ltd (BPCL) is set to report its Q1FY20 earnings and the street is not expecting a good set of numbers. Indian Oil Corporation (IOC) has surprised on the positive side. However that was not the case with Hindustan Petroleum Corporation Ltd (HPCL). It will be very interesting to see how the numbers pan out for BPCL.
In terms of numbers, analysts are expecting the numbers to fall on a sequential basis. While there will be revenue growth, but it will not show in the margins.
Margins are expected to come in at 2.8 percent versus 6.5 percent earlier. The profits also are expected to decline by 43 percent.
In the refining segment, reported margins are expected to be flat on a sequential basis at USD 3 per barrel. However, the core gross refining margins (GRMs) are expected to show some growth, 46 percent on a sequential basis.
The inventory losses should range between USD 0.5 per barrel and USD 0.8 per barrel.
Refining throughputs are expected to improve both on a year on year (YoY) and on a sequential basis.
Key things to watch out for:
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