Bharat Petroleum Corporation Ltd Q4 2020 Earnings Call Transcript

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

Question: Amit Shah - BNP Paribas, Research Division - Analyst : Just a couple of questions from me. First one on the refining side. When do you expect utilizations to come back to normalcy? And as of today, we understand, it is around 70%. Is it fair to say that from where we stand today, probably Q2 looks like you should be back at full utilization? That's question one. Second is on the marketing margin that you highlighted that for MS, it was lower as compared to FY '19. And HSD, it was constant as like FY '20. What was that marketing margin numbers, you can share? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 04, 2020 / 5:30AM, BPCL.NS - Q4 2020 Bharat Petroleum Corporation Ltd Earnings Call

Question: Amit Shah - BNP Paribas, Research Division - Analyst : Okay. This is net margin, right? V. Rama Krishna Gupta;GM, Corporate Finance Gross margin.

Question: Amit Rustagi - UBS Investment Bank, Research Division - Analyst : Sir, could you help us to understand that how much marketing inventory we had on March 31? And how much marketing inventory we have now and maybe now or in the last 1 month?

Question: Amit Rustagi - UBS Investment Bank, Research Division - Analyst : Yes, the quantity, yes, your volumes. Ganesan Jaibal;Senior Manager, Pricing Amit, we will give this number offline as of today. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 04, 2020 / 5:30AM, BPCL.NS - Q4 2020 Bharat Petroleum Corporation Ltd Earnings Call

Question: Amit Rustagi - UBS Investment Bank, Research Division - Analyst : Will you have INR 300 crores for your company or for the sector?

Question: Rohit Ahuja - BOB Capital Markets Limited, Research Division - Analyst : Sir, just a couple of questions on my side, first one being as of now how is the situation in terms of your overall margins and do we see whatever inventory losses that you have reported to be recovered in this quarter? And secondly, how do we see the situation in terms of consumption of petroleum products on your marketing side and when do we volumes normalizing to the pre-COVID situation level, which is like February?

Question: Rohit Ahuja - BOB Capital Markets Limited, Research Division - Analyst : So when you break down, the products wouldn't be diesel coming back to normal earlier and I have assumed ATF would be still far behind because flights are not operating much?

Question: Rohit Ahuja - BOB Capital Markets Limited, Research Division - Analyst : And petrol could also be still a long way to catch up?

Question: Rohit Ahuja - BOB Capital Markets Limited, Research Division - Analyst : And what about the other industrial products like bitumen and... REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 04, 2020 / 5:30AM, BPCL.NS - Q4 2020 Bharat Petroleum Corporation Ltd Earnings Call

Question: Rohit Ahuja - BOB Capital Markets Limited, Research Division - Analyst : So sir, do we see your marketing margins now, lot of questions have been asked but new found indicator when are you resuming the daily price revision on petrol, diesel?