Whalesbook
Indian Oil Marketing Companies (OMCs) are poised for a significant boost, with operating profits expected to surge over 50% to $18-20 per barrel this fiscal year, up from about $12 last year. This jump is driven by stable retail fuel prices enhancing marketing margins, despite a slight dip in refining margins. Crisil Ratings predicts healthy accruals will fund capital expenditure and strengthen credit metrics for these companies.