Bharat Petroleum Corporation Ltd. share price target

total sales (net of stock adjustments) increased from 31.83% to 47.67%. Purchase of finished goods cost fell from 47.33% to 39.08%. Employee cost decreased from 3.25% to 1.03%. Other expenses fell from 7.26% to 5.88%. Other income rose 116.21% to Rs 658.83 crore. PBIDT rose 0.79% to Rs 5624.09 crore. Provision for interest rose 514.09% to Rs 661.99 crore. PBDT fell 9.33% to Rs 4962.1 crore....

Bharat Petroleum Corporation Ltd is one of India's leading oil & gas companies. It operates refineries located in Kochi, Mumbai, Bina and Numaligarh. The company's marketing infrastructure consists of...

Bharat Petroleum Corporation consolidated net sales increased 86.70% to Rs 70946.37 crore in Q1FY22 compared to Q1FY21. Operating profit margin decreased from 11.21% to 4.40%, leading to 26.64% decline in operating profit to Rs 3,125.00 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 28.11% to 37.52%. Purchase of finished goods cost rose from 48.39% to 50.86%. Employee cost decreased from 2.68% to 1.04%....

increased crude oil supplies from OPEC and Iran post lifting of sanctions will likely keep crude oil prices range bound to support marketing margins in medium term. Also, GRMs are expected to recover with pickup in economic...

Bharat Petroleum Corporation Ltd is one of India's leading oil & gas companies. It operates refineries located in Kochi, Mumbai, Bina and Numaligarh. The company's marketing infrastructure consists of...

Crude oil prices sharply increased during the quarter on expectations of a global demand recovery. Average crude oil prices increased by US$16.1/bbl to US$60.7/bbl while Brent crude oil prices on a closing basis jumped US$11.2/bbl QoQ to US$62.4/bbl. BPCL reported marketing inventory gain of | 1829 crore. However, core marketing margins reduced QoQ as higher crude oil costs were not fully passed on to customers. In terms of marketing sales, BPCL reported growth of 4.1% YoY to 11.2 MMT, marginally above our estimates. Going forward, we expect marketing sales volume at 42.7...

BPCL 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 privatization in FY21, despite challenges posed by COVID-19, by streamlining its subsidiaries (divested its entire stake in NRL, consolidated its stake in BORL, merged BGRL with BPCL) and sold off its trust shares. In our Feb'21 report, titled BPCL: Moves closer to divestment, upgrade to Buy', we presented our optimism on the privatization process, with just...

We tweak our FY22/23E estimates for BPCL, as we incorporate actual FY21 numbers and factor in NRL stake sale. In FY21 core standalone EBIDTA adjusted for inventory and forex gains was at Rs95.0bn (-27%YoY), due to weak marketing and refining profits. We believe that increased crude oil supplies from OPEC and Iran, post lifting of sanctions will likely keep crude oil prices range bound and support marketing margins in medium term. Also,...

BPCL is a leading player in the Indian petroleum industry

Bharat Petroleum Corporation Ltd is one of India's leading oil & gas companies. It operates refineries located in Kochi, Mumbai, Bina and Numaligarh. The company's marketing infrastructure consists of...