Search For "gross refining margin"
Profit of oil companies will decrease in FY25 as refining margin drops
Updated : 1 year, 9 months ago IST
The Gross Refining Margin (GRM) of Indian oil companies in FY23 was at USD 16-18/ Barrel (bbl), in FY24 the GRM of Indian Refiners moderated to an average of USD 10 - 12/bbl. According to a report by CareEdge ratings, the GRM of oil companies will reduce further to USD 6-8 in FY25
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BPCL Creates History: Posts Highest Ever Half-Yearly Profit of Rs. 19,052
Updated : 2 years, 4 months ago IST
Mumbai (Maharashtra) [India], October 28: Bharat Petroleum Corporation Limited (BPCL), one of India's leading energy companies, has announced a remarkable financial achievement, reporting its highest ever half-yearly profit of Rs. 19,052 Crores for the fiscal year 2023-24. This achievement i
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IndianOil profit up at Rs 6,110 crore in Q1 due to inventory gains
Updated : 4 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 30 (ANI): Oil marketing firm IndianOil Corporation (IOC) said on Friday its Q1 consolidated net profit totalled Rs 6,110 crore in the April to June quarter, up 174 per cent from Rs 2,227 crore in Q1 of FY21.
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HMEL's credit profile resistant to stress, rating headroom low: Fitch
Updated : 4 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 23 (ANI): HPCL-Mittal Energy Ltd's (HMEL's) credit metrics can weaken if there is a delay in EBITDA addition from its new petrochemical plant, Fitch Ratings said on Wednesday.
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IOC Q4 net profit up 78 pc q-o-q at Rs 8,781 crore
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 19 (ANI): Oil marketing firm IndianOil Corporation (IOC) said on Wednesday its Q4 net profit rose by over 78 per cent to Rs 8,781 crore as compared to Rs 4,917 crore in the previous quarter.
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MRPL clocks Rs 328 crore profit in Q4 FY21
Updated : 4 years, 10 months ago IST
New Delhi [India], May 18 (ANI): ONGC subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL) has reported a net profit of Rs 328 crore in the fourth quarter of 2020-21 as against a loss of Rs 1,629 crore in the corresponding period of previous fiscal.
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Fitch lowers risk for credit metrics of Indian oil marketing firms
Updated : 5 years ago IST
Mumbai (Maharashtra) [India], February 16 (ANI): The sustained strength of marketing margins and recovering demand for petroleum products is supporting the profitability of India's oil marketing companies against weak gross refining margins (GRMs), thereby lowering downside risks for thei
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HPCL Q3 profit rises to Rs 2,355 crore, revenue down 3 pc
Updated : 5 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 4 (ANI): Oil marketing major Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported a net profit at Rs 2,355 crore for the third quarter ended December 31, 2020.
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IndianOil's Q3 profit moves up to Rs 4,917 crore on rising sales
Updated : 5 years, 1 month ago IST
Mumbai (Maharashtra) [India], January 29 (ANI): Oil marketing firm IndianOil Corporation (IOC) said on Friday its net profit for December quarter more than doubled to Rs 4,917 crore from Rs 2,339 crore in the year-ago period.
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Fitch affirms Hindustan Petroleum at BBB-minus with negative outlook
Updated : 5 years, 5 months ago IST
Singapore, October 9 (ANI): Fitch Ratings has affirmed Hindustan Petroleum Corporation Ltd's (HPCL's) long-term foreign currency issuer default rating at BBB-minus with a negative outlook.
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Fitch affirms Bharat Petroleum at BBB-minus with negative outlook
Updated : 5 years, 6 months ago IST
Singapore, September 9 (ANI): Fitch Ratings has affirmed Bharat Petroleum Corporation Ltd's (BPCL's) long-term foreign-currency issuer default rating at BBB-minus with a negative outlook.
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IndianOil net profit dips 40 pc in Q1 to Rs 2,227 cr
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 31 (ANI): Oil marketing firm IndianOil Corporation (IOC) on Friday posted 40 per cent year-on-year fall in its consolidated net profit at Rs 2,227 crore for the quarter June 30 as compared to a net profit of Rs 3,738 crore in Q1 FY20.
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