BPCL’s Q3 revenue likely to fall; net profit to surge

IIFL forecasts the company’s net revenue for Q3 FY16 to plunge to Rs. 44,150 crore, at a rate of 23.8% yoy and 5% qoq.

Bharat Petroleum Corporation Ltd (BPCL), the state owned refiner and oil marketing company, will announce its financial results on February 12 for the third quarter ended December 31, 2015.

IIFL forecasts the company’s net revenue for Q3 FY16 to plunge to Rs. 44,150 crore, at a rate of 23.8% yoy and 5% qoq. 

IIFL expects net profit to rise to Rs. 1,924.10 crore at 249.1% yoy and 89% qoq.    

IIFL expects EBIDTA margin at 6.9%, with a yoy rise of 4.8 bps.    

Other key Q3 results on February 12 include Adani Ports & SEZ, Adani Power, Apollo Hospitals, HPCL, ITDC, IOCL, Kolte Patil, M&M, Marksans Pharma, MBL Infrastructures, Nestle, NMDC, Punj Lloyd, Shakti Pump and Sun TV.