Q1FY25 Results Preview: Most oil and gas companies are likely to report a weak first quarter in the current fiscal year (Q1FY25) due to weaker margins, apart from gas majors GAIL and Petronet LNG, which could lead the pack.
According to domestic brokerage Kotak Institutional Equities, the operating margin of oil marketing companies (OMCs) could decline nearly 35- 43 per cent in Q1FY25 due to weaker gross refining margins (GRMs) and lower auto-fuel marketing margins.