{"id":411228,"date":"2021-04-19T10:19:07","date_gmt":"2021-04-19T04:49:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411228"},"modified":"2021-04-19T11:26:39","modified_gmt":"2021-04-19T05:56:39","slug":"energy-q4-preview-steep-q-o-q-decline-likely-for-omcs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/energy-q4-preview-steep-q-o-q-decline-likely-for-omcs\/","title":{"rendered":"Energy: Q4 preview-Steep q-o-q decline likely for OMCs"},"content":{"rendered":"<p>We expect RIL to report 11% q\/q Ebitda growth driven by O2C and retail. Subscriber adds in Jio, renewed lockdown in retail and petrochemical margins are key. OMC operating performance should decline q\/q on lower marketing margins. Inadequate price hikes due to elections could weigh on BPCL\u2019s privatisation. P-LNG\u2019s Ebitda should decline q\/q on adverse Spot price but volumes have recovered while GAIL\u2019s Ebitda should grow 34% q-o-q driven by gas trading profits. <\/p>\n<p>RIL\u2019s operating performance should improve sharply q-o-q: We expect 11% q-o-q improvement in consol Ebitda. O2C was buoyed by improving petrochemical and refining profitability while Retail benefited from demand normalisation. Jio\u2019s Ebitda should be flat q-o-q on a sequential drop in revenues (IUC hit) but expanded Ebitda margin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We expect RIL to report 11% q\/q Ebitda growth driven by O2C and retail. Subscriber adds in Jio, renewed lockdown in retail and petrochemical margins are key. OMC operating performance should decline q\/q on lower marketing margins. Inadequate price hikes due to elections could weigh on BPCL\u2019s privatisation. P-LNG\u2019s Ebitda should decline q\/q on adverse Spot price but volumes have recovered while GAIL\u2019s Ebitda should grow 34% q-o-q driven by gas trading profits. RIL\u2019s operating performance should improve sharply q-o-q: We expect 11% q-o-q improvement in consol Ebitda. O2C was buoyed by improving petrochemical and refining profitability while Retail benefited [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-411228","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=411228"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411228\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}