India's state-owned OMCs post Rs 29,896 cr combined Q2 net profit, up 66.2% YoY

India's state-owned oil marketing companies reported a combined adjusted net profit of Rs 29,896 crore in Q2 FY27, up 66.2% year-on-year and the highest in 13 quarters, boosted by higher refining margins and lower excise duty payouts despite a 40% rise in crude oil prices.

Detected & updated continuously · Source: Nebula