IIFL estimates the company’s net profit to plunge to Rs.2,337 crore, at a rate of 18.1% yoy; however, the same is expected to go up 57% qoq.
Bharat Petroleum Corporation Ltd (BPCL), one of the leading oil marketing companies (OMCs), will announce its financial results on May 23 for the fourth ended March 31, 2016.
IIFL estimates the company’s net profit to plunge to Rs.2,337 crore, at a rate of 18.1% yoy; however, the same is expected to go up 57% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to slump to Rs. 44,150 crore, at a rate of 14% yoy and 5.4% qoq.
Operating profit margin is estimated to be at 8.4%, with a yoy fall of 32 bps.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
Other key quarterly results on May 23 include Other key quarterly results on May 23 are City Union Bank, Dish TV, Engineers India, HSIL, Jyothy Lab, Kewal Kiran, Sonata Software, TTK Prestige, Tata Power, VRL Logistics, and Welspun Corp.
IIFL estimates the company’s net profit to plunge to Rs.2,337 crore, at a rate of 18.1% yoy; however, the same is expected to go up 57% qoq.
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to slump to Rs. 44,150 crore, at a rate of 14% yoy and 5.4% qoq.
Operating profit margin is estimated to be at 8.4%, with a yoy fall of 32 bps.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
Other key quarterly results on May 23 include Other key quarterly results on May 23 are City Union Bank, Dish TV, Engineers India, HSIL, Jyothy Lab, Kewal Kiran, Sonata Software, TTK Prestige, Tata Power, VRL Logistics, and Welspun Corp.
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