“We expect IOCL to report negative EBITDA despite strength in underlying margins and forex gains of Rs19 bn, which will be offset by large adventitious/inventory loss at Rs 127 bn across refining and marketing segments,” Kotak Institutional Equites said in a report.
from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com http://bit.ly/2sXbhpP
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