Oil Marketing Companies Set for Profit Surge in Q4
OMCs anticipate robust Q4FY24 profits, driven by strong YoY growth. Sequential rise expected in net profits despite inventory losses. Analysts foresee sustained earnings improvement, citing strategic investments. Combined net profit for OMCs in Oct-Dec quarter significantly up YoY. Sales volume growth witnessed domestically and in exports, particularly by BPCL. Challenges persist in refining margins, impacting … Read more