NEW DELHI: While the sharp reduction in corporate taxes may boost the Indian oil and gas sector\u2019s earnings sharply during the second quarter, analysts note that the three-month period between July and September is likely to be a muted one in terms of financial performance. According to Centrum Wealth analysts Probal Sen and Akshay Mane, without adjusting estimates to factor in corporate tax cut in the absence of clarity on how companies account for it during the quarter, the oil and gas sector is likely to see year-on-year earnings growth impacted due to \u201csharply higher inventory gains and much higher upstream earnings\u201d during the second quarter of last year.<\/p>\n
\u201cThat being said, we see a stronger quarter-on-quarter performance from oil marketing companies (OMCs), thanks to an improved downstream margin environment and better marketing margins,\u201d the analysts said. According to estimates, OMCs are set to see higher marketing margins by as much as 12.9 per cent, 7.1 per cent and 8.2 per cent for IOCL, BPCL and HPCL respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: While the sharp reduction in corporate taxes may boost the Indian oil and gas sector\u2019s earnings sharply during the second quarter, analysts note that the three-month period between July and September is likely to be a muted one in terms of financial performance. According to Centrum Wealth analysts Probal Sen and Akshay Mane, without adjusting estimates to factor in corporate tax cut in the absence of clarity on how companies account for it during the quarter, the oil and gas sector is likely to see year-on-year earnings growth impacted due to \u201csharply higher inventory gains and much higher […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,207,143],"tags":[],"class_list":["post-295195","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=295195"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295195\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=295195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=295195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=295195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}