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via thehindubusinessline.comBusiness & Companies

Oil PSUs post ₹30,106 crore Q2 profit, near 39% of last year's earnings

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Oil PSUs post ₹30,106 cr Q2 net, led by refining margins despite LPG subsidy under-recoveries and unchanged fuel prices.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishSolid quarterly profits for state oil companies, driven by refining margins.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Oil PSUs posted ₹30,106 crore net profit in Q2.
  2. 02Refining margins led the results.
  3. 03LPG subsidy under-recoveries and unchanged fuel prices weighed on earnings.

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