The conditions have been finalised between the company and a consortium of lenders are waiting for them to sign it, reports suggest
The board has fixed a maximum buyback price at Rs 302 per share through tender offer.
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Analysts on an average expecting net profit at Rs 1,975 crore and revenue of Rs 10,849 crore for the quarter.
EBIDTA margins declined by 173 bps at 14.18% in Q3 FY13 from 15.91% last year.
HPCL has rallied 8% to Rs 353, followed by IOC (up 6% at Rs 313) and BPCL (up 5.5% at Rs 403) on the Bombay Stock Exchange.
Analysts on an average expects 12% year-on-year (yoy) jump in net profit to Rs 4,977 crore. Revenue may grow 8% to Rs 91,835 crore, yoy
Oil marking companies have raised diesel prices by 45 paise per litre, while government allowed the oil firms to sell diesel to bulk buyers at market rates.
Q3 net profit declined 20% year-on-year at Rs 488 crore due to lower sales and higher expenses.
Q3 EBIDTA margins declined by 126 bps at 12.09% in Q3 FY13 from 13.84% last year.
Expects revenues to be in the range of $1,585 million to $1,625 million from IT Services business in Q4FY13.
Acquired Alumina Refinery and Bauxite Mines from Novelis Do Brasil Ltd, a wholly subsidiary of Novalis Inc
Stock up 11%
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Although the incremental hikes in diesel prices could eventually shift consumers towards petrol models, analysts said in the near-term the measures should not dent sales of diesel models
Q3 net profit at Rs 5,502 crore against Rs 4,440 crore in a year ago quarter on account of higher than expected profitability from refining segment.
Q3 consolidated net profit surged five-fold at Rs 38.86 crore on back of higher sales income.
The stock hist a new high of Rs 328 on the NSE on reporting 32% year-on-year growth in consolidated net profit at Rs 134 crore in Q3FY13.
The stock has tanked 62% in past two weeks
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