OTHER GROUP COMPANIES
market

Q1FY23 Preview: BPCL: Net Loss seen at Rs23.37 billion

Gains in GRM likely to be offset by losses in auto fuel retailing

August 05, 2022 2:07 IST | India Infoline News Service
Result Date: 6th August
Recommendation: Buy
Target Price: Rs424


Ramp up of utilization at the Kochi refinery could aid Bharat Petroleum Corporation (BPCL)'s refinery throughput in the June 2022 quarter. Sales volumes of marketing as well as exports segments is likely to grow at a healthy pace. 

Analysts at IIFL Securities expect gains in Gross Refining Margin (GRM) in the refining business of BPCL to be offset by losses in its auto fuel retailing business. They therefore forecast net loss of Rs23.37 billion for the company in the quarter.  The company is likely to have incurred a loss of Rs 1/ litre on the retailing of petrol in the quarter and a loss of Rs 22/ litre on retailing of diesel.

Key management insights to look into:
  • Outlook on oil prices in the coming months
  • Details on performance of the retailing business
June 2022 estimate Y-o-Y
PAT (Rs bn) (23.37) NA

Source: IIFL Research

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account

  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity