BPCL, HPCL, Indian Oil Q4 Review - Non-Revision In Retail Prices Weighs On Earnings: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Reported earnings of oil marketing companies (Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd., and Hindustan Petroleum Corporation Ltd.) in the Q4 FY21, stood weaker on YoY basis, despite improvement in sales volume and stronger gross refining margins, as weaker marketing margins turned into a drag. Lack of revision in domestic, retail, petrol and diesel prices for most part of Q4 FY22, while international product prices rose sharply in aftermath of Russia -Ukraine conflict, resulted in significantly weaker marketing margins, partially offset by plausible marketing inventory gains. While Indian Oil reported an operating profit of Rs 118 billion (down 20% YoY; up 25.6% QoQ), BPCL reported at Rs 42.5 billion (down 16% YoY; up 1% QoQ) and HPCL at Rs 20.9 billion (down 55% YoY; up 12% QoQ)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BPCL, HPCL, Indian Oil Q4 Review - Non-Revision In Retail Prices Weighs On Earnings: Yes Securities

BPCL, HPCL, Indian Oil Q4 Review - Non-Revision In Retail Prices Weighs On Earnings: Yes Securities

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