Motilal Oswal: Indian Oil Corporation Q2 Review - Demand Revival To Further Aid Refining, Petchem Margins
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
Indian Oil Corporation Ltd. reported a beat on Ebitda, driven by better-than expected reported gross refining margin (8.6/barrel of oil U.S. dollar), marketing (Rs 5.9 per litre), and petro chemical (Ebitda/million tonne of 226 U.S. dollar) margins.
Company debt further decreased on a QoQ basis to Rs 915 billion in Q2 FY21 (from Rs 986 billion in Q1 FY21 and Rs 1,165 billion in Q4 FY20).
India is seeing a significant increase in vehicular traffic movement, with gradual revival in domestic air travel as well.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.