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Motilal Oswal: HPCL Q2 Review - Better Margins Lead Beat; Value Creation For Investors Proposed

Motilal Oswal: HPCL - Better Margins Lead Q2 Beat; Value Creation For Investors Proposed

A fuel pump stands at an HPCL gas station in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)
A fuel pump stands at an HPCL gas station in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

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.

Motilal Oswal Report

Hindustan Petroleum Corporation Ltd. reported better-than-estimated Ebitda, driven by healthy margins (core gross refining margin at 2.7/barrel of oil U.S. dollar, marketing margin at Rs 6 per litre) and sales volumes (8.4 million metric tonne).

Refining throughput was in line with estimates (4.1 million metric tonne).

Motor spirit and high speed diesel demand for the company was up 2.6/down 4% YoY of the normal level in September 2020, which further improved to up 4.7/up 11.5% YoY in October 2020.

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Motilal Oswal HPCL Q2FY21 Result Update.pdf

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