Profit of oil companies will decrease in FY25 as refining margin drops
The profit of the oil marketing companies OMCs will reduce in the FY25 amid the reduction in the Gross refining margin of the oil companies
Source: bignewsnetwork.com
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MRPL Posts ₹387 Crore Net Profit In Q3 Of 2023-24 Against ₹188 Crore Net Loss In 2022-23 -
The Hindu Mangalore Refinery and Petrochemicals Limited (MRPL) registered a ₹387 crore net profit during the third quarter (Q3) of 2023-24 against ₹188 crore net loss posted during Q3 of 2022-23. The Board of Directors of the company approved its stand-alone and consolidated unaudited financial results for the Q3 of 2023-24 and nine months ending…
Source: khabarindia.in
OMCs HPCL, BPCL and IOCL surge up to 40% in November; will this rally continue?
Dolat has a target price of ₹550 for BPCL, implying an over 25% upside. Meanwhile, it has targets of ₹450 and ₹137 for HPCL and IOC, indicating a 30% and 18% upside, respectively.
Source: livemint.com
HPCL jumps over 3% after PSU refiner swings to Rs 5,827-cr profit in Q2
Hindustan Petroleum Corp Ltd (HPCL) stock has given a return of 3.05 percent over the last six months. The benchmark Nifty50 index has given a return of 6.28 percent over the same duration.
Source: moneycontrol.com
IOC logs Rs 13,750 crore Q1 PAT
Oil marketing major Indian Oil Corporation Ltd (IOC) on Friday said it closed the first quarter of FY24 with a net profit of Rs 13,750.44 crore.In a regulatory filing, the company said during Q1FY24, it had earned a total income of Rs ...
Source: prokerala.com