IOC Q3 results preview: Profit may jump up to 5 times on higher marketing margins, inventory gains
NEW DELHI: Oil marketing major IndianOil Corporation (IOCNSE 0.00 %) is likely to post robust growth in bottom line for the quarter ended December 31 on the back of higher marketing margins and inventory gains due to increase in crude oil prices.
The company will report its quarterly numbers on Thursday.
Reliance Securities sees 227.30 per cent year-on-year growth in profit at Rs 2,345.90 crore.
“IOC is likely to post GRM of $4 per barrel with inventory gains of $2.2 per barrel,” the brokerage said, adding that revenue may see a degrowth of 13.30 per cent. It also projects 68.90 per cent rise in Ebitda during the quarter.
