Research Reports

Deep Industries Q1FY27: consolidated PAT +44.5% YoY to ₹89 Cr, margin trails FY27 guidance

oil and gas field services · consolidated pat growth · ebitda margin miss

Selan Q1FY27: PAT up 384% YoY to ₹54.3 Cr as NPM hits 41%, even after ₹10 Cr impairment

oil and gas exploration · margin expansion · exceptional impairment

The Distress Ladder: Three Stocks Sliding Down Different Rungs

distress · regulatory · operational losses

Change of Guard: Duke Offshore's New Promoter Reshapes Oil Services

offshore equipment · promoter change · Aspect Global

The Monsoon Strike: Manufacturing Plants Paralyzed Across 4 Districts

monsoon · disruption · manufacturing

Gas transmission volumes and LNG margins set the tone for Q1

gas transmission · LNG · dividend

Renewables ramp on course; Mundra tail-wind easing into print

renewable energy · thermal coal · capex

BCCL swings to ₹68 Cr Q1 standalone loss as coal output falls 27%; year-ago ₹177 Cr profit reverses

coal mining · psu · swing to loss

HPCL swings to ₹12,265 Cr consolidated Q1 loss as marketing margins crater; revenue +21% YoY

oil marketing · refining margins · marketing margin loss

When Supply Chains Meet Monsoon: The 48-Hour Manufacturing Crisis Across Four Sectors

monsoon disruption · supply chain · manufacturing shutdown

Margins Under Pressure: Commodity Headwinds Outweigh Refinery Strength

refinery margins · crude oil prices · rupee weakness

The PSC That Got Away: Vedanta Oil & Gas Loses Delhi HC Bid

Production Sharing Contract · PSC extension · Delhi High Court

HPCL's Record Margins, Devastating Loss — The Refining Paradox

refineries · GRM · margins

Gandhar Oil: The Refinery Cycle at Peak

refinery · gross margin spread · lubricants

Production Headwind vs Demand Resilience: Coal India's Supply-Margin Trade-off

coal production · supply pressure · profit margin

Can NTPC hold margins as renewables ramp and capex commitment soars?

thermal capacity · renewable energy · coal allocation

The Loss That Masqueraded: Why HPCL's ₹11,526 Cr Write-Down Didn't Arrive at the Refinery Gate

Gross Refining Margin · inventory markdown · Q1 FY27

Gandhar Oil Q1: consolidated PAT ~8x YoY to ₹206 Cr on sharp margin expansion

petroleum products · specialty oils · base oil spread

BPCL swings to ₹1,873 Cr consolidated Q1 loss as marketing margins collapse

oil marketing · refining margins · lpg under-recovery

Adani Power Q1: consolidated PAT ₹4,867 Cr, +47% YoY on record volumes; ~29% underlying

thermal power · power generation · record volumes

JP Power Q1: consolidated PAT ₹469 Cr, +69% YoY (~31% adjusted); margins expand on power

Energy · earnings · quarterly results

South West Pinnacle Q1 FY27: consolidated PAT ~4x YoY to ₹9.3 Cr on operating leverage

Energy · earnings · quarterly results

When the Promoter Borrows Big: Vedanta's $1 Billion Wiring and the Group's New Risk Profile

promoter financing · capital structure · dividend capacity

RIL Q1 consolidated PAT −25% to ₹23,196 Cr on base effect; underlying steady, beats street

The Refinery Cycle Turns: MRPL's Q1 Profit Surge Signals Recovery

refinery margins · crude prices · PSU energy

MRPL swings to ₹946 Cr consolidated profit as revenue doubles YoY; ₹472 Cr one-off flatters it