New Delhi, Oct. 8 -- Led by a strong performance from the oil marketing companies (OMCs) and India's biggest listed company, Reliance Industries (RIL), analysts expect a robust year-on-year (YoY) growth for the oil and gas sector even though the performance may moderate on a sequential basis.

Commenting on the overall outlook for oil & gas companies under its coverage, ICICI Securities expects profit after tax (PAT) to improve 14% YoY but dip 9% quarter-on-quarter (QoQ). Meanwhile, earnings before interest, tax, depreciation and amortisation (EBITDA) could rise by 20% YoY but decline 7% QoQ.

At the same time, Nuvama Research forecasts the oil & gas sector's Q2FY26E aggregate EBITDA to jump 26% YoY, led by refining strength, partially of...