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Indian Oil Corporation Q4 results today; here's what analysts expect

Status of Ennore LNG terminal project and clarity on LNG tie up with suppliers and customers will be closely tracked by investors Progress of polypropylene project at Paradeep will also be key

Indian Oil Corp
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A logo of Indian Oil is picture outside a fuel station in New Delhi | Photo: Reuters

Swati Verma New Delhi
Weaker benchmark GRM (gross refining margin) and lower marketing margins are likely to take a toll on Indian Oil Corporation's (IOCL) March quarter results, which is scheduled to be released today. Edelweiss Securities estimates the company's loss at Rs 1,609.4 crore for the quarter under review. 

Marketing margins, according to analysts at ICICI Securities, are expected to show a quantum increase as the company did not fully pass on lower costs to customers and also due to inventory gains.

ICICI Securities expects revenue to decline 14.7 per cent on quarter-on-quarter (QoQ) basis to Rs 1,36,598.2 crore due to lower average

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