BPCL may report 35% fall in Q1 profit
Bharat Petroleum Corporation (BPCLNSE 0.00 %) is likely to report tepid financial results on Friday for the quarter ended June 30.
Brokerage firm Prabhudas Lilladher has projected 37.70 per cent year-on-year (YoY) fall in adjusted net profit on around 6 per cent YoY rise in net sales in Q1FY19. It also sees over 50 per cent dip in net profit on sequential basis.
“BPCL earnings to decline sequentially due to inventory loss and muted gross refining margins. Improved marketing earnings and depreciating exchange rate provide downside support,” it said in a report.
