BPCL, HPCL to account 31% of increment FY24 Nifty profit; OMCs may drag numbers in FY25!
BPCL’s reported GRM was above Kotak's estimate, while its implied marketing margin was below its estimate. HPCL's Q3 missed Kotak's Ebitda estimate due to a lower-than-expected marketing margin.
Source: businesstoday.in