OMC stocks to buy, Feb. 18 -- Refining margin boost, decline in crude prices and lower LPG under recoveries boosted the performance of oil marketing companies (OMCs) during the third quarter of the financial year 2025-26 (FY26).

Oil marketing companies' EBITDA and PAT came in at Rs.39,500 crore and Rs.23,740 crore, respectively for Q3FY26 - up 91% or 2.4x year-on-year, according to estimates by ICICI Securities.

In terms of individual performance, Indian Oil Corporation (IOCL) posted a four-fold rise in its standalone PAT to Rs.12,125.86 crore in October-December. Its revenue from operations rose to Rs.2.31 lakh crore from Rs.2.16 lakh crore in Q3 of the previous 2024-25 fiscal.

Without giving quarterly numbers, IOC said it earned $8.4...