Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
OMCs expected to register sequential dip in Q2FY26
Financial Express Kochi
|October 11, 2025
SUBDUED PERFORMANCE
STATE-RUN OIL marketing companies (OMCs) are likely to report a sequential decline in earnings for the July-September quarter of FY26 (Q2FY26),as rising crude prices and stable retail fuel prices put pressure on marketing margins.
However, analysts expect an uptick in earnings compared with the same period last year.
Crude oil prices rose around 4% in rupee terms during the quarter, while retail fuel prices remained flat. Despite this, some cushion is expected from lower inventory losses and an assumed ₹30,000 crore government compensation for subsidised LPG sales.
Kotak Institutional Equities forecasts a sequential decline in earnings for state-controlled refiners, with profits at Bharat Petroleum (BPCL) falling by 34%, at Hindustan Petroleum (HPCL) by 46%, and Indian Oil (IOCL) by 36%. On an annual basis, however, profits are expected to rise sharply, with BPCL up 41%, HPCL rising 51% and IOCL surging by 114%.
This story is from the October 11, 2025 edition of Financial Express Kochi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Kochi
Financial Express Kochi
Bets of RBI buying, lower state debt sale lift bonds
BENCHMARK GOVERNMENT BONDS gained for a third straight session on Thursday as traders grew more confident of the buying support from the Reserve Bank of India (RBI) and ahead of another reduction in state debt auctions next week.
1 min
January 23, 2026
Financial Express Kochi
PhonePe IPO: Walmart to sell ₹9,173-cr stake
Walmart’s weighted average cost of acquisition is ₹1,996.8 a piece, making these shares worth around ₹9,173 crore.
1 mins
January 23, 2026
Financial Express Kochi
Battery PLI loses charge
ONLY 2.8% OF TARGETED CAPACITY COMMISSIONED SO FAR
2 mins
January 23, 2026
Financial Express Kochi
IAF’s new ‘Sindoor’ formation on R-Day
FIGHTER JETS OF the Indian Air Force will fly in a special Sindoor formation at the Republic Day flypast this year,ina significant display of India’s air power.
1 min
January 23, 2026
Financial Express Kochi
Bangladesh defiant: Will play, not in India
AFTERICC ULTIMATUM ON WORLD CUP PARTICIPATION
2 mins
January 23, 2026
Financial Express Kochi
SAT directs Avadhut Sathe Academy to deposit ₹100 cr
THE SECURITIES APPELLATE Tribunal (SAT) on Thursday accorded a partial relief to Avadhut Sathe and his trading academy against the Securities and Exchange Board of India’s (Sebi) order of impounding %546 crore and imposing trading restrictions.
2 mins
January 23, 2026
Financial Express Kochi
P&G misses Q2 revenue estimates
PROCTER & GAMBLE'S Q2 revenue fell slightly short of Wall Street expectations on Thursday, as weak spending by US consumers and the hit from a government shutdown offset stronger growth globally.
1 min
January 23, 2026
Financial Express Kochi
Brokerages flag margin risks post Eternal Q3 show
BROKERAGES OFFERED A
1 mins
January 23, 2026
Financial Express Kochi
AI gets a seat at the C-suite hiring table
Algorithms do leadership searches but the final call stays human
1 min
January 23, 2026
Financial Express Kochi
IIFL Finance Dec qtr profit rises multifold
IIFL FINANCE, A non-banking financial institution (NBFC) providing gold loans and business loans, on Thursday said its December quarter net profit grew multifold to ₹501 crore as compared to the year-ago period.
1 min
January 23, 2026
Listen
Translate
Change font size