V.R.K. Gupta

Our margins will be better. There is no standardized margin for MSN electricity in this scenario. It all depends on the crude prices.

We are not expecting any significant rise of debt-to-equity. Even when we are seeing the peak capex is going to happen in FY 2027-2028 and 2028-2029, our expected debt-to-equity will be around 1.

We are not participating in the discount game. A little bit we are behind in terms of diesel growth in direct segment. However, it's only temporary.

If the Russian crude is available at 34%, if we can process and having a discount of $3-$4, which are the basic parameters. If these parameters continue, then definitely one can safely assume refining margins will be on a better side.

Our strategy is a long-term strategy is to expand our network and provide good customer services and take digital initiatives. Slowly, slowly, we will increase our market share.

We are hopeful some mechanism definitely because after increase of INR 50, now the under recovery has come down every month. We are expecting around INR 650 crore-INR 700 crore per month for BPCL.

Our refinery has continued with stellar performance during this quarter, and we have achieved a throughput of 10.11 MMTPA, that is almost 160% of the main plant capacity.

LPG is still a controlled product. The pricing is being decided by the Government of India. Today, during this quarter, the sale price is less than the cost price.

We are expecting in the coming quarters, it will become positive in diesel growth. Current quarter, there is negative growth, but we are expecting this will reverse.

We have achieved highest ever profit after tax for half year at INR 19,052 crore.

Our refineries have continued their stellar performance on both physical and financial parameters during this quarter.

We generally don't give any guidance, but otherwise, based on the current crude prices, little bit worry is there.