IOC, BPCL & HPCL likely to post Rs 14,470 crore profit in Q2

IndianOil, BPCL, and HPCL are set to achieve remarkable profits during the July-September quarter, showcasing a stark recovery from their previous quarter's losses. This impressive financial rebound is attributed to robust refining and marketing margins. Collectively, these companies anticipate a combined profit of ₹14,470 crore, provided that current market conditions remain stable until the end of September.