Bharat Petroleum Corporation Limited (BPCL) will be announcing its Q4FY21 results on Wednesday and there is a lot of curiosity among the investors around the results and dividends as well. What to expect from the March Quarter results? Zee Business’ Senior Research Analyst Varun Dubey brings some interesting research on it and tells Managing Editor Anil Singhvi what to expect on Wednesday?
The investors will be keeping a keen eye on dividend announcement and on the news around its divestments, Dubey said. The earnings results of IOCL and HPCL have been strong and it is expected that BPCL results will follow suit, he added.
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The refining throughput is expected to grow by 15 per cent while the volume growth is also expected to go north, he further said.
However, there could be some pressure on its operating margins, he added. The inventory gains are expected to be around USD 3 per barrel, he further said.
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BPCL Q4FY21 – What to expect?
- Revenues are likely to go up by 26 per cent
- EBITDA likely to go up by 16 per cent
- EBITDA margins may fall from 6.5 per cent to 6 per cent
- Profits likely to go up by 8 per cent at Rs 3000 cr
He said that it is quite likely that the results will be better than expectations.
Market Guru said that he is expecting a good dividend this time around. A dividend to the tune of Rs 55- Rs 60 is what comes from the calculations, he said.
The investors must know that the companies just don’t need to make the announcements. The also require cash in hand to hand out dividends. The cash for BPCL must come from two sources – one is from the sale of Numaligarh Refinery and other from stake sale in other companies.
The stocks of BPCL today ended at Rs 473.65 on the NSE, going up by 0.2 per cent from the previous closing price on Monday.