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Why BPCL, HPCL And IOC May Be Staring At Lower Profits In Q1
Here’s what may hurt the earnings for oil marketing companies in the quarter ending June.
07 Jun 2021, 12:26 PM IST
Lower inventory gains, high retail fuel prices and pressure on the refining segment may lower profits for India’s oil marketing companies sequentially in the quarter ending June, a period when a deadlier second wave of the coronavirus pandemic slowed down demand.Early estimates available on Bloomberg showed that adjusted earnings per share of Indian Oil Corp. and Bharat Petroleum Corp. stood at Rs 4.38 and Rs 11.26, respectively, in ...
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