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.
Anand Rathi Reports
The Indian oil sector's Q3 operating profit would have fallen 21% QoQ to Rs 562 billion as oil marketing companies performances were hit by inventory losses (crude down ~$20/barrel of oil from end-Q2) and lower refining margins (~$3/bbl).
Oil and Natural Gas Corporation Ltd. and Oil India Ltd. are expected to report steady results given stable production volumes/realisations. GAIL India Ltd. is likely to report another strong quarter (transmission and LPG earnings) though we factor in lower gas trading earnings QoQ. City gas distribution would report healthy volume growth; absence of price hikes would impact Mahanagar Gas Ltd.
We prefer Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Ltd. as crude prices are likely to have been stable, and clarity on oil and gas realisation/volume recovery would have driven ONGC and Oil India.
We like Mahanagar Gas given much-needed volume recovery expected, which would drive a re-rating.
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.
Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.
