Preview of Indian Oil Corporation Q4: Zee Business analysts predict that the company’s standalone net profit would be approximately 8,000 crore rupees, down from 8,063 crore rupees in the previous quarter, or 1% less.
Indian Oil Corporation: A sneak peek at Q4 Indian Oil Corporation (IOCL), a state-owned oil marketing business (OMC), is ready to release its fourth quarter (Q4 FY24) financial results on April 30. Expected mixed group of numbers because of the poor filtering.
Zee Business analysts predict the company’s standalone net profit to be approximately 8,000 crore rupees, down 1% from 8,063 crore rupees in the prior quarter.
One reason for the decline in profit is
to a decrease in marketing volume and throughput. Maintenance shutdowns are projected to result in a four to five percent decrease in throughput.
In the meantime, revenue from 1,99,104 crore rupees recorded in the December quarter is predicted to drop by 2.5 percent to 1,94,125 crore rupees. Furthermore, pre-tax earnings before interest, taxes, depreciation, and amortization (EBITDA) is expected to change marginally from 15,192 crore rupees to 15,229 crore rupees, according to experts.
It is anticipated that the company’s margin will rise to 8 percent basis points (bps) of 37 from the previous quarter’s 7%.
Additionally, the research desk predicts that the overall refining margin (GRM) will be anticipated to be between $12 and $15 a barrel.
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