On a sequential basis, net profit slipped 43 per cent from ₹9,030 crore.
The sharp fall in net profit during Q4 may be due to lower gross marketing margins on petrol and diesel.
Margins (for petrol and diesel) had reduced to an average of 8 and 3.4 per litre, respectively, during the quarter, according to a note by Motilal Oswal.
On the other hand, a pump price cut of 2 since March 15 may have reduced retail margins as well.
Despite the fall in profits during the latest quarter, the oil marketing company (OMC) saw its consolidated annual net profit grow 268 per cent to ₹43,161.15 crore in FY24 from ₹11,704.26 crore in FY23.
Continuous discounts on an increasing volume of Russian crude supplies are widely understood to be behind this.
この記事は Business Standard の May 01, 2024 版に掲載されています。
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この記事は Business Standard の May 01, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
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