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The Economic Times
The Economic Times
Meghna Chadha

This sector is set to dominate Q1 earnings for all the wrong reasons

BPCL HPCL India Inc IOCL Oil

As the June quarter earnings season kicks off today, one sector is likely to dominate the headlines—for the wrong reasons.

Losses at oil marketing companies (OMCs) are expected to drag India Inc’s aggregate earnings in Q1, offsetting the likely strong profit growth in the financials, telecom and metals sectors.

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