Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Oct 15, 2024

Oil, Gas Q2 Results Preview - Sector Hit By Weak GRM, Gas Margin Woes: Nirmal Bang

Oil, Gas Q2 Results Preview - Sector Hit By Weak GRM, Gas Margin Woes: Nirmal Bang
(Source: Unsplash)Representative images for oil company

NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

GAIL India Ltd. leads with 23.3% YoY surge in Q2 FY25 PAT on the back of:

  1. improved operations,

  2. growth in Gas Transmission volume,

  3. surge in Ebitda from Gas Transmission/Gas trading/LPG and HC segments and

  4. reversal in Petchem segment from loss to profit.

Oil marketing companies are likely to see 29%-42% YoY plunge in earnings due to weak gross refining margins and LPG buffer deficit (govt compensation may temper this with a lag).

HPCL will be the worst hit with Q2 FY25 PAT crashing 42% YoY. BPCL/HPCL will likely report 29.3%/29.9% YoY decline in PAT.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search