7 Nov 2022 , 10:43 AM
Result date: 7th November, 2022
Recommendation: Buy
Target price: Rs424
Bharat Petroleum Corporation (BPCL) could witness losses in marketing division as well as inventory losses (steep fall in crude oil prices). As a result, it is likely to post Loss After Tax for the September 2022 quarter. Poor GRMs (after accounting for export tax adjustments), and negative diesel retail margins could be other pain points.
Important management insights to watch out for:
| Rs. Million | September 2022 estimates | YoY change | QoQ change |
| Profit After Tax | (47,612) | NA | NA |
Source: Company, IIFL Research
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