BPCL Q4 Review - Upping Our Faith In Privatisation: Motilal Oswal

The Bharat Petroleum Corp. refinery stands in the Mahul area of Mumbai. (Photographer: Dhiraj Singh/Bloomberg).

BPCL Q4 Review - Upping Our Faith In Privatisation: Motilal Oswal

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Motilal Oswal Report

Bharat Petroleum Corporation Ltd. posted better-than-estimated profitability, driven by better marketing volumes and refining/marketing margin, further aided by inventory gains.

The company made huge progress towards privatisation in FY21, despite challenges posed by Covid-19, by streamlining its subsidiaries (divested its entire stake in Numaligarh Refinery Ltd., consolidated its stake in Bharat Oman Refineries Ltd., merged Bharat Gas Resources Ltd. with Bharat Petroleum) and sold off its trust shares.

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Motilal Oswal BPCL Q4FY21 Result Update.pdf

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