BPCL Q3FY19 Result Expectation

Revenue for Q3FY19E is expected to grow at 20.8% yoy

Feb 08, 2019 10:02 IST India Infoline News Service

BPCL Consensus estimates for Q3FY19E:
Revenue – Rs73,255cr, up 20.8% yoy supported by higher realizations and throughput
EBITDA – Rs915cr, down by 71% yoy
PAT – Rs427cr, down by 80% yoy

Q2FY19 performance highlights:
Revenue – Rs72292cr, up 36% yoy
EBITDA – Rs2419cr, down 32% yoy
EBITDA Margin – 3.4%, contraction of 328bps yoy
PAT – Rs1219cr, down 48% yoy

Remarks:
• Core gross refining margin is expected to be at ~$4.7/bbl and stable marketing margin.
• Crude throughput is expected to remain higher by ~7% yoy at 7.8mmt.
• Status of Kochi stabilization and subsidy sharing to be watched out for.


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