Earnings of OMCs seen weak as Q1FY27 under-recoveries bite: Report

Oil companies are projected to experience ongoing challenges through FY27, primarily due to anticipated under-recoveries in Q1FY27, with LPG losses being a considerable issue. Although recent declines in crude prices provide short-term relief, ongoing market volatility and required inventory adjustments are expected to squeeze profit margins. A notable threat includes the government's possible retraction of excise duty cuts to mitigate revenue shortfalls.

from Economic Times https://ift.tt/pqxidbv