BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Q3 FY22 operating profits for India oil sector is expected to grow 14% QoQ in absence of lockdown restrictions alongside higher marketing and refining margins.
Oil marketing companies would report a strong 19% QoQ growth in profit after tax to Rs 131.9 billion on back of healthy marketing margins and improved refining margins (gross refining margins up $2.4/barrel of oil), even though inventory gains are likely to be minimal.
Upstream players will benefit from higher crude (up $6.5/bbl QoQ) and gas prices (up $1.2/metric million British thermal unit QoQ).
Reliance Industries Ltd.’s standalone earnings will grow 7% QoQ, given higher refining profitability and higher gas realisation to $6.81/mmbtu (up $2.8/mmbtu) on net calorific basis.
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