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Motilal Oswal: Indian Oil Corporation Q2 Review - Demand Revival To Further Aid Refining, Petchem Margins  

Motilal Oswal: Indian Oil Corporation Q2 Review - Demand Revival To Further Aid Refining, Petchem Margins



An man buys petrol for his car at an Indian Oil Corporation petrol station Delhi (Photographer: Amit Bhargava/Bloomberg)
An man buys petrol for his car at an Indian Oil Corporation petrol station Delhi (Photographer: Amit Bhargava/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

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:

Motilal Oswal IOCL Q2FY21 Result Update.pdf

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