Sector analysis · India
Oil & Gas sector earnings growth, Q2 FY24
The 20 largest Oil, Gas & Consumable Fuels companies by market cap at the end of Q2 FY24 (30 Sep 2023), compared with Q1 FY24.
The top 20 at Q2 FY24
Q2 FY24 vs Q1 FY24: combined net profit ₹66,540 cr (−4%), median EPS +6% (12 of 19 up), market-cap-weighted price −2%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Reliance Industries Limited | 60.8% | 11.83 → 12.85 | +9% | +2.0 pp | −8% |
| 2 | O N G C | 9.2% | 11.23 → 10.92 | −3% | −0.6 pp | +20% |
| 3 | Coal India | 7.0% | — → 11.03 | sources disagree | — | +28% |
| 4 | I O C L | 4.9% | 10.22 → 9.29 | −9% | −1.9 pp | 0% |
| 5 | GAIL (India) Limited | 3.1% | 2.73 → 3.72 | +36% | +0.9 pp | +18% |
| 6 | B P C L | 2.9% | 24.53 → 19.00 | −23% | −3.4 pp | −5% |
| 7 | Adani Total Gas Limited | 2.6% | 1.37 → 1.57 | +15% | 0.0 pp | −6% |
| 8 | H P C L | 1.4% | 31.80 → 27.38 | −14% | −1.3 pp | −7% |
| 9 | Petronet LNG Limited | 1.4% | 5.46 → 5.70 | +4% | +0.1 pp | +8% |
| 10 | Oil India | 1.2% | 8.77 → 2.59 | −70% one-off | −1.4 pp | +22% |
| 11 | Indraprastha Gas Limited | 1.2% | 3.73 → 3.95 | +6% | 0.0 pp | −4% |
| 12 | GUJENERGY | 1.1% | 3.14 → 4.30 | +37% | +0.1 pp | −9% |
| 13 | M R P L | 0.6% | 5.79 → 6.00 | +4% | +0.1 pp | +24% |
| 14 | Guj.St.Petronet | 0.6% | 5.94 → 8.06 | +36% | +0.2 pp | −1% |
| 15 | Castrol India Limited | 0.5% | 2.28 → 1.97 | −14% | 0.0 pp | +15% |
| 16 | Aegis Logistics Limited | 0.4% | 3.30 → 3.62 | +10% | 0.0 pp | +3% |
| 17 | Mahanagar Gas Limited | 0.4% | 37.30 → 34.27 | −8% | 0.0 pp | −2% |
| 18 | C P C L | 0.3% | 37.37 → 80.28 | +115% | +0.9 pp | +32% |
| 19 | Sindhu Trade Links Limited | 0.2% | 0.19 → 0.33 | +74% | 0.0 pp | +17% |
| 20 | Gulf Oil Lubricants India Limited | 0.1% | 13.93 → 15.00 | +8% | 0.0 pp | +14% |
| Sector earnings growth | 100% | −4.4 pp |
Who joined and who left
0 joined and 0 left the top 20 since the previous quarter, as market caps moved.
Joined the top 20 since the previous quarter
Left the top 20 since the previous quarter
EPS growth by company, Q2 FY24 to Q1 FY27
Each company's EPS growth quarter on quarter, every quarter it was in the top 20.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RELIANCE | +9% | −1% | +10% | −20% | +9% | +12% | +5% | +39% | −33% | +3% | −9% | +23% |
| ONGC | −3% | −25% | −2% | −2% | +3% | −16% | −15% | +34% | +10% | −7% | +8% | +10% |
| COALINDIA | sources disagree | sources disagree | sources disagree | sources disagree | −43% | +35% | +13% | −9% | −50% | +64% | +52% | −18% |
| IOC | −9% | −31% | −43% | −32% | to loss | turned profitable | +283% | −16% | +15% | +66% | +11% | to loss |
| GAIL | +36% | +31% | −23% | +29% | −15% | +51% | −39% | −5% | −17% | −12% | −15% | +214% |
| BPCL | −23% | −61% | +51% | −41% | −19% | +66% | +15% | +56% | −9% | +16% | −22% | to loss |
| ATGL | +15% | +3% | −5% | +2% | +8% | −24% | +9% | +6% | −1% | −3% | +6% | −16% |
| HINDPETRO | −14% | −88% | +280% | −77% | −78% | +1,684% | +34% | +20% | −6% | +4% | +51% | to loss |
| PETRONET | +4% | +42% | −37% | +45% | −21% | +4% | +21% | −23% | −1% | +5% | +58% | −17% |
| OIL | −70% | +457% | −9% | −12% | +7% | −34% | −2% | +45% | −25% | −16% | +76% | +73% |
| IGL | +6% | −14% | −9% | +11% | −6% | −28% | +39% | −6% | −10% | +1% | −13% | −30% |
| GUJENERGY | +37% | −25% | +86% | −19% | −7% | −28% | +30% | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree |
| MRPL | +4% | −63% | +190% | −94% | to loss | turned profitable | +20% | to loss | turned profitable | +131% | −92% | +706% |
| GSPL | +36% | −13% | +20% | −21% | −25% | −17% | −6% | +43% | −17% | −2% | — | outside |
| CASTROLIND | −14% | +24% | −11% | +7% | −11% | +30% | −14% | +5% | −7% | +7% | −1% | +44% |
| AEGISLOG | +10% | +2% | +51% | −33% | −4% | −1% | +127% | −53% | +37% | −2% | +132% | +18% |
| MGL | −8% | −6% | −16% | +7% | −1% | −20% | +12% | +29% | −40% | +4% | −35% | +47% |
| CHENNPETRO | +115% | −69% | +72% | −43% | to loss | turned profitable | +2,154% | to loss | turned profitable | +39% | +42% | −27% |
| SINDHUTRAD | +74% | +82% | to loss | outside | outside | outside | outside | outside | outside | outside | outside | outside |
| GULFOILLUB | +8% | +10% | +6% | +3% | −4% | +16% | −7% | +5% | −10% | −12% | outside | outside |