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OMCs likely to remain profitable through FY26
Financial Express Delhi
|August 22, 2025
Oil Turmoil
STATE-RUN OIL MARKETING companies (OMCs) are expected to remain profitable in the coming quarters of the current fiscal 2025-26 owing to lower crude oil prices and supportive policies, analysts say.
The three companies reported a multi-fold rise in their consolidated net profits during the first quarter.
"We see the three Indian OMCs (IOCL, BPCL and HPCL) as locked in a multi-year elevated capital expenditure cycle. This also means that policies should broadly remain supportive for the companies to remain profitable," said JP Morgan in its report.
Elara Capital has also reiterated its positive view on OMCs due to weak crude oil price expectation which is at below $70/barrel in FY26.
This story is from the August 22, 2025 edition of Financial Express Delhi.
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