CNBC TV18
LIVE TV

Home

Latest News
Featured

Live TV

Market Live
Minis
Podcasts

CNBC-TV18 Specials

Photos
CNBC-TV18 Binge
Storyboard

Sections

Terms and Conditions

homevideos Newsenergy NewsHPCL Q2 results preview: Gross refining margins likely to fall

HPCL Q2 results preview: Gross refining margins likely to fall

State-run  oil refiner Hindustan Petroleum Corp Ltd (HPCL) is likely to report weak set of earnings for the quarter ended September 30.

Profile image

By Sonal Bhutra  Nov 1, 2018 8:23:58 AM IST (Published)

Listen to the Article(6 Minutes)
State-run  oil refiner Hindustan Petroleum Corp Ltd (HPCL) is set to report a weak set of earnings for the quarter ended September 30.

Bharat Petroleum Corp Monday posted a 48.3 percent decline in its net profit to Rs 1,218.71 crore for the second quarter ended September 2018. The company had earned a net profit of Rs 2,357.40 crore in the same quarter a year ago.
Here is what the street is expecting from HPCL earnings report:
  • The expectations are quite low. Therefore, in terms of operational numbers we are expecting growth rate of around 7 percent, EBITDA decline of around 20 percent and margin contraction of 70 basis points, all this leading to a profit decline of 21 percent odd.
  • A lot of macros leading to this kind of performance where crude prices were up around USD 1 per bbl sequentially, USD 23 per bbl on a year-on-year basis. They grew at around 1 percent on a quarter on quarter basis in this quarter versus 11 percent growth that we saw in the quarter gone by and also INR depreciated sharply by around 5 percent.
  • So these are certain factors that we are keeping in mind. However, these are backdated numbers and oil marketing companies (OMCs) have been asked to absorb Re 1 per litre, so that’s something to watch out for.
    •  
    Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know. 
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

    Tags

    boardroomBPCLcrude pricesGross refining marginsHindustan Petroleum Corporation Limited (HPCL)HPCLQ2 numbersSonal Bhutra

    Phase 4 polls | Analysing the triangular battle in Telangana and Andhra Pradesh, says expert

    May 8, 2024 8:02 PM

    Odisha Lok Sabha Elections 2024: Puri to Sambalpur, a look at the key battles

    May 8, 2024 6:27 PM

    Andhra Pradesh Lok Sabha elections 2024: Kadapa to Visakhapatnam, a look at key battles

    May 8, 2024 5:31 PM

    NCP's likely merger with Congress — why Sharad Pawar wants to settle the future of his party sooner

    May 8, 2024 5:04 PM
    View More

    Most Read

    Share Market Live

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CurrencyPriceChange%Change