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Company performances
Nov 15:
8MGL’s performance has been encouraging in terms of volume growth. Despite higher domestic gas price, INR depreciation and increased commission to OMCs, its EBITDA/scm is the highest among listed players.
8MRPL’s GRMs (Gross Refining Margin) are expected at $8.6/bbl VS $8.3/bbl in Q4FY18. Although there was QoQ (quarter-on-quarter) improvement in reported GRMs, core operational GRMs are expected to remain weak at $5.4/bbl in Q4FY18 mainly on account of weak product spreads. Inventory gains for the quarter are expected at $3.2/bbl vs. $3.5/bbl in Q1FY19. PAT (Profit After Tax) is expected to increase 6.3% QoQ (quarter-on-quarter) to 384.6 crore owing to a marginal lower tax rate. Click on Report for more.
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8MRPL’s GRMs (Gross Refining Margin) are expected at $8.6/bbl VS $8.3/bbl in Q4FY18. Although there was QoQ (quarter-on-quarter) improvement in reported GRMs, core operational GRMs are expected to remain weak at $5.4/bbl in Q4FY18 mainly on account of weak product spreads. Inventory gains for the quarter are expected at $3.2/bbl vs. $3.5/bbl in Q1FY19. PAT (Profit After Tax) is expected to increase 6.3% QoQ (quarter-on-quarter) to 384.6 crore owing to a marginal lower tax rate. Click on Report for more.
