Sourav ShekharNew Delhi, May 28 -- Maintaining healthy growth amid the West Asia crisis, Oil Marketing Companies (OMCs) posted a combined profit of Rs 77,821 crore in FY 2025-26, which is a 130 per cent surge over the last fiscal, which recorded Rs 33,602 crore.
Due to the profit rise compared to last fiscal, people are commenting that this is a windfall amid crisis, but the government is arguing that it's working on the margin, with some data-backed figures.
According to the government, this 130 per cent jump is calculated against a depressed base. The previous data, in FY25, OMC's profit was Rs 33,602 crore, and in FY24, it was Rs 80,986 crore.
There is a gap of about Rs 40,434 crore between FY25 and FY24. This drop was due to under-re...