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Oil And Gas Q4 Results Preview: Pumping Out Weak Performance - ICICI Securities
IGL and MGL may see strong YoY volume growth of 5%/12% while Gujarat Gas may see volume declining 3%, adds the brokerage.
07 Apr 2025, 11:12 AM IST 
Q4 FY25 results for oil and gas companies under the brokerages' coverage (excluding Gulf Oil Lubricants) are likely to show a weaker trend YoY/QoQ.
(Photo Source: Tom Fisk pexels)
OMCs’ Q4 FY25 performance will likely be hit by weaker marketing margins and under-recovery in LPG. During the quarter, SG GRMs declined by $1.7/bbl QoQ. Marketing margins have slipped Rs 3.5/Rs 2.5 per litre QoQ in petrol/diesel to Rs 8.5/Rs 5.5 per litre, driving weakness in earnings.
