Citi Sees Q2 Gains for Indian OMCs

  Published 10 months ago

Citi expects Indian OMCs to post strong Q2 earnings growth, outpacing the prior quarter significantly today.

  • Softer refining inventory losses, 300 bn‑rupee LPG compensation, and falling LPG prices boost Q2 growth.
  • Analysts argue fears of petrol and diesel price cuts are exaggerated, unlikely to impact earnings.
  • Russian crude import worries weigh sentiment, yet brokerage expects minimal direct effect on Indian OMCs.

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