The crude oil price spike flowed through various energy and crude-dependent sectors, causing a tangible impact on corporate earnings. The oil and gas sector has borne the brunt of the crude price spike and its downstream effects. Companies in this sector are directly exposed to volatile crude prices and refining margins. Indraprastha Gas' profit is estimated to fall 45.1% YoY while Petronet LNG will see net profit of Rs 815.9 crore, down 23.8% YoY as LNG import costs have risen sharply with global gas prices. Hyundai Motor India is expected to report 26.7% YoY decline, the steepest profit contraction among major auto OEMs, reflecting margin pressure from higher component costs and competitive pricing.

Source: Economic Times April 10, 2026 18:37 UTC