BPCL Expects Refining Margins To Be Slightly Better In Q3, Q4
  • WebDesk BTVI
  • Aug 13 2019

State-run firm Bharat Petroleum Corp (BPCL) has reported subdued June quarter numbers with net profit down 53 per cent year-on-year at Rs 1,075 crore, EBITDA falling 44 per cent at Rs 2,180 crore and core gross refining margin (GRM) at $3.7/bbl. Speaking to BTVI, N Vijayagopal, Director-Finance at BPCL, said refining margins was impacted because of inventory loss, and he expects margins to be slightly better in Q3, Q4. He also expects lower crude prices to impact inventory losses. Here's more.