10 Companies Worth Watching This Earning Season

Bangalore: It will be worth to keep a watch on some of the companies, which are expected to do best in terms of profit growth during the quarter ended September 2012. Take a look at 10 such companies.

MRPL
Mangalore Refinery and Petrochemicals Limited (MRPL) is an oil refinery at Mangalore and is a subsidiary of ONGC, set up in 1993. Going by the strong performance of MRPL, it is expected to earn a profit of 3365 percent.  The strong profit growth could be led by higher gross refining margins due to crude inventory gains. MRPL, which was a joint sector company, become a PSU subsequent on acquisition of its majority shares by ONGC. As on 1 April 2007, 71.62 percent shares are held by ONGC, 16.95 percent shares are held by HPCL, and remaining shares are with public and financial institutions. MRPL has also been declared as Miniratna, a mini jewel, by Government of India in 2007.

Chennai Petroleum
Chennai Petroleum Corporation Limited (CPCL) is an Indian state-owned oil and gas corporation headquartered in Chennai, India. It was formed as a joint venture in 1965 between the Government of India (GOI), AMOCO and National Iranian Oil Company (NIOC) having a share holding in the ratio 74 percent: 13 percent: 13 percent respectively. In the case of Chennai Petroleum, the operational gains are expected to add to the bottom line considering that the company is expected to turn into profits of 305 percent at the operating levels compared to operating loss of 210.2 crore in the second quarter last year.