BPCL Q2 loss seen down 37% at Rs 5,000 crore

MUMBAI: BPCL is likely to report a net loss of Rs 5,000 crore for the quarter ended September 2012, down 37 per cent, against a net loss of Rs 8,000 crore in the corresponding quarter last fiscal, says ET Now poll estimate.

Sales for the September quarter is expected to have grown to Rs 56,090 crore, up 33 per cent, against Rs 42,281 crore in the same period a year ago.

Factors to watch:

Under recoveries seen at Rs 9,300 crore against Rs 11,600 crore.

GRMs are seen improving to $4 per barrel

Inventory and forex gains are seen at Rs 1,100 crore

Overall under recovery in Q2 stood at Rs 42,000 crore vs Rs 46,000 crore