BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Indian Oil Corporation Ltd. reported a beat on Ebitda, driven by better-than expected reported gross refining margin (8.6/barrel of oil U.S. dollar), marketing (Rs 5.9 per litre), and petro chemical (Ebitda/million tonne of 226 U.S. dollar) margins.
Company debt further decreased on a QoQ basis to Rs 915 billion in Q2 FY21 (from Rs 986 billion in Q1 FY21 and Rs 1,165 billion in Q4 FY20).
India is seeing a significant increase in vehicular traffic movement, with gradual revival in domestic air travel as well.
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