The correction in oil prices led to super-normal marketing margins for OMCs in latter part of last fiscal year, post which marketing margins have stabilised to normal levels. We expect similar profitability from this segment in the coming quarters. In terms of marketing sales, HPCL reported marginal growth of 1.5% YoY to 9 MMT, below our estimates on account of lower than expected diesel sales. Going forward, we expect marketing sales volumes to grow at a rate of ~4%. The crude throughput in Q2FY20 was lower by 4.2% YoY at 4.6 MMT, marginally below our estimate. Going...