Q4 Results Highlights: Oil India profit rises 30% QoQ; IndusInd Bank slips into loss
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The UK-based supermajor forecasts that weaker realized refining margins will dent the Q4 earnings by up to $300 million. Refinery turnaround activity is also set to have a higher impact for the fourth quarter compared to the third quarter. We always advise our readers to start with the minimum amount if they don’t have trading experience.
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Q4 FY25 net profit dropped 22% to Rs 1,591.48 crore from Rs 2,028.83 crore in the same period last year. Total income for the quarter stood at Rs 6,182.79 crore, down from Rs 6,589.91 crore in Q4 FY24, while the EBITDA margin declined to 42.83% from 48.09%. The lack of regulatory oversight, unverified profit claims, and numerous reports from users about withdrawal difficulties suggest that this platform is not trustworthy.
IndusInd Q4 results, share price live: Shares gain after opening lower
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AJ Bell analyst Russ Mould said the sharp drop in profit “provided plenty of fodder” for hedge fund Elliott, with BP having done “little to reassure other shareholders that the current plan is working”. The ruling, which was seen as a major victory for environmental groups, said consent for the Rosebank and Jackdaw projects was granted unlawfully as the previous U.K. Government had not considered the carbon emissions created by burning any of the fossil fuels produced. It noted that “no oil or gas may be extracted from the Jackdaw or Rosebank field” until the government retakes the decisions. Separately, Maurizio Carulli, an energy analyst at Quilter Cheviot, said Shell’s fourth-quarter results painted a “mixed picture.”
Shares of Oil India closed at 0.8% higher Rs 426.5 on the BSE ahead of the results, compared to a 0.5% gain in the benchmark Sensex. The stock has fallen 4% in the last 12 months and 2% so far this year. The Maharatna company’s full-year bottom line jumped 10% to Rs 6,114 crore.
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Doubling down on oil and gas was a “financial risk that prudent and responsible investors must respond to decisively”, it added. Activist shareholder Elliott Management has bought a stake in BP to push for more investment in oil and gas, with investors anticipating board changes. It is widely expected to say later this month that it will scale back renewable projects and increase oil and gas production following similar moves from rivals including Shell and Equinor.
The $5.8 million difference is primarily attributable to changes in forward SOFR yield curves and changes in notional amounts. The TCE rate for our fleet was $35,324 for the three months ended March 31, 2025, a 44.3% decrease from the $63,375 TCE rate for the same period in the prior year period, as further described in “Revenues” below. Please see footnote 7 to the table in “Financial Information” below for other information related to how we calculate TCE.