Profit of oil companies will decrease in FY25 as refining margin drops

May 22, 2024

The Gross Refining Margin (GRM) of Indian oil companies in FY23 was at USD 16-18/ Barrel (bbl), in FY24 the GRM of Indian Refiners...

Indian Oil Q3 net profit jumps 19 pc on higher refining margin

Jan 31, 2022

New Delhi [India], January 31 : Indian Oil Corporation Ltd reported a standalone net profit of Rs 5,861 crore for the December quarter of...

Indian Oil Q3 net profit jumps 19 pc on higher refining margin

Jan 31, 2022

New Delhi [India], January 31 : Indian Oil Corporation Limited reported a standalone net profit of Rs 5,861 crore for the December quarter of...

CARS24 drives success with Rs 5,535 crore revenue and 3.6x gross margin boost in FY23

Oct 31, 2023

Gajendra Jangid, Co-Founder of CARS24, attributed this growth in gross margins to investments in technology and data science models.

Fitch lower risks for credit metrics of Indian oil marketing firms

Feb 16, 2021

Mumbai (Maharashtra) [India], February 16 : The sustained strength of marketing margins and recovering demand for petroleum products is supporting the profitability of India's...

HDFC Life sees 100 bps hit on margins from higher surrender value

Jun 13, 2024

HDFC Life Insurance Company Limited anticipates an impact of approximately 100 basis points (on a gross basis) on the company's New Business Margin (NBM)...