Not As Good As Expected, But Outlook Positive, Say Brokerages

Jefferies noted that BPCL’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (Ebitda) for Q3 FY25 stood at Rs 7,600 crore, an year-on-year increase but a miss of 26% against the brokerage’s estimate and 10% below consensus. The lower-than-expected refining performance, impacted…