Full Year 2019 Indian Oil Corpn Ltd Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Rohit Ahuja - BOB Capital Markets Limited, Research Division - Analyst : I would like to know about the GRM performance at Paradip Refinery if you can throw some more light on that?

Question: Rohit Ahuja - BOB Capital Markets Limited, Research Division - Analyst : So isn't this performance way below what you had initially guided for? Because I thought Paradip is going to be at a significant premium to Singapore in terms of normalized operations? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 20, 2019 / 9:30AM, IOC.NS - Full Year 2019 Indian Oil Corpn Ltd Earnings Call

Question: Rohit Ahuja - BOB Capital Markets Limited, Research Division - Analyst : So FY '20 you said you will be processing more heavy crude? And that's when we'll reach the peak potential of Paradip? Or when do we hit expected GRMs per year?

Question: Rohit Ahuja - BOB Capital Markets Limited, Research Division - Analyst : So can we say like by fourth quarter of FY '20 you'll be at sort of a peak potential of GRM performance at Paradip?

Question: Rohit Ahuja - BOB Capital Markets Limited, Research Division - Analyst : And sir, lastly on marketing business. I think you had one of the best quarters ever in the marketing segment at INR 6,800 crores EBITDA. Can you give some light, like was it the retail products that drove the margins? Or was it the overall portfolio including the B2B products?

Question: Rohit Ahuja - BOB Capital Markets Limited, Research Division - Analyst : Can we say that, okay, this was a small exceptional quarter and now things would be quite different than what happened in Q4?

Question: Rohit Ahuja - BOB Capital Markets Limited, Research Division - Analyst : Yes. I mean you made up for the huge inventory loss that was there in Q3. But from Q1 FY '20 onwards, can we say things would be like normalized, on a normal percent?