Sector analysis · India
Oil & Gas sector earnings growth, Q1 FY25
The 20 largest Oil, Gas & Consumable Fuels companies by market cap at the end of Q1 FY25 (30 Jun 2024), compared with Q1 FY24.
The top 20 at Q1 FY25
Q1 FY25 vs Q1 FY24: combined net profit ₹51,774 cr (−41%), median EPS +3% (10 of 19 up), market-cap-weighted price +42%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Reliance Industries Limited | 56.0% | 11.83 → 11.19 | −5% | −1.3 pp | +23% |
| 2 | O N G C | 9.1% | 11.23 → 7.90 | −30% | −6.0 pp | +71% |
| 3 | Coal India | 7.7% | — → 17.78 | sources disagree | — | +105% |
| 4 | I O C L | 6.2% | 10.22 → 2.50 | −76% | −15.7 pp | +81% |
| 5 | GAIL (India) Limited | 3.8% | 2.73 → 4.84 | +77% | +2.0 pp | +109% |
| 6 | B P C L | 3.5% | 24.53 → 6.55 | −73% | −11.2 pp | +67% |
| 7 | Adani Total Gas Limited | 2.6% | 1.37 → 1.56 | +14% | 0.0 pp | +37% |
| 8 | Oil India | 2.1% | 8.77 → 11.59 | +32% | +0.7 pp | +195% |
| 9 | H P C L | 1.9% | 31.80 → 2.98 | −91% | −8.8 pp | +82% |
| 10 | Petronet LNG Limited | 1.3% | 5.46 → 7.37 | +35% | +0.4 pp | +48% |
| 11 | GUJENERGY | 1.1% | 3.14 → 4.80 | +53% | +0.2 pp | +35% |
| 12 | M R P L | 1.0% | 5.79 → 0.42 | −93% | −1.4 pp | +178% |
| 13 | Indraprastha Gas Limited | 0.9% | 3.73 → 3.44 | −8% | −0.1 pp | +6% |
| 14 | Aegis Logistics Limited | 0.8% | 3.30 → 3.75 | +14% | 0.0 pp | +172% |
| 15 | Castrol India Limited | 0.5% | 2.28 → 2.35 | +3% | 0.0 pp | +66% |
| 16 | Guj.St.Petronet | 0.4% | 5.94 → 6.65 | +12% | +0.1 pp | +4% |
| 17 | Mahanagar Gas Limited | 0.4% | 37.30 → 28.81 | −23% | −0.1 pp | +52% |
| 18 | C P C L | 0.4% | 37.37 → 23.98 | −36% | −0.3 pp | +153% |
| 19 | Gulf Oil Lubricants India Limited | 0.2% | 13.93 → 17.89 | +28% | 0.0 pp | +163% |
| 20 | Veedol Corporation Limited | 0.1% | 17.90 → 21.30 | +19% | 0.0 pp | +127% |
| Sector earnings growth | 100% | −41.4 pp |
Who joined and who left
1 joined and 1 left the top 20 since Q4 FY24, as market caps moved.
Joined the top 20 since Q4 FY24
Left the top 20 since Q4 FY24
- Sindhu Trade Links Limited
EPS growth by company, Q2 FY24 to Q1 FY27
Each company's EPS growth year on year, 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 | +27% | +9% | −2% | −5% | −5% | +7% | +2% | +78% | +10% | +1% | −13% | −22% |
| ONGC | +65% | −10% | +172% | −30% | −25% | −17% | −28% | −1% | +5% | +16% | +48% | +21% |
| COALINDIA | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | −20% | −31% | −16% | +13% | +1% |
| IOC | turned profitable | +1,062% | −50% | −76% | to loss | −77% | +58% | +93% | turned profitable | +514% | +78% | to loss |
| GAIL | +88% | +671% | +291% | +77% | +10% | +28% | +1% | −26% | −27% | −57% | −40% | +97% |
| BPCL | turned profitable | +82% | −30% | −73% | −72% | +20% | −8% | +141% | +170% | +89% | +28% | to loss |
| ATGL | +8% | +18% | +72% | +14% | +8% | −20% | −8% | −4% | −12% | +12% | +9% | −14% |
| OIL | −78% | +3% | +23% | +32% | +379% | −43% | −39% | +1% | −29% | −11% | +60% | +91% |
| HINDPETRO | turned profitable | +60% | −25% | −91% | −98% | +257% | +26% | +548% | +2,607% | +58% | +78% | to loss |
| PETRONET | +9% | +1% | +18% | +35% | +2% | −26% | +43% | −24% | −4% | −3% | +25% | +35% |
| GUJENERGY | −27% | −41% | +11% | +53% | +4% | 0% | −30% | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree |
| MRPL | turned profitable | turned profitable | −40% | −93% | to loss | −21% | −68% | to loss | turned profitable | +370% | −68% | turned profitable |
| IGL | +30% | +42% | +9% | −8% | −18% | −31% | +5% | −11% | −15% | +20% | −25% | −44% |
| AEGISLOG | +36% | +4% | +39% | +14% | −1% | −5% | +43% | 0% | +43% | +42% | +46% | +269% |
| CASTROLIND | +4% | +26% | +7% | +3% | +7% | +12% | +8% | +5% | +10% | −10% | +4% | +43% |
| GSPL | +4% | +10% | +27% | +12% | −38% | −41% | −54% | −16% | −7% | +10% | — | outside |
| MGL | +106% | +84% | −1% | −23% | −16% | −29% | −5% | +14% | −32% | −10% | −48% | −40% |
| CHENNPETRO | +6,942% | +153% | −38% | −36% | to loss | −94% | −25% | to loss | turned profitable | +4,704% | +203% | turned profitable |
| GULFOILLUB | +41% | +29% | +37% | +28% | +14% | +21% | +7% | +10% | +3% | −21% | outside | outside |
| VEEDOL | outside | outside | outside | +19% | −2% | outside | outside | outside | outside | outside | outside | outside |