Oil India Ltd. Results

H1FY25 & Q2FY25 Result Announced for Oil India Ltd.

Exploration & Production company Oil India announced H1FY25 & Q2FY25 results Financial Highlights: Profit After Tax (PAT) of Rs 1,834.07 crore for Q2FY25, PAT for the H1FY25 is recorded at Rs 3,300.91 crore. OIL’s group turnover for the H1FY25 increased to Rs 17,486.79 crore and PAT is recorded at Rs 4,085.46 crore. OIL’s Earnings Per Share (EPS) for the H1FY25, stands at Rs 20.29/share. Other Highlights: Oil India Limited (OIL), a Maharatna CPSE and leading energy company in India has demonstrated continued momentum in crude oil and natural gas production by recording 4.79% rise in crude oil output for Q2FY25, achieving 0.875 MMT. Crude Oil production for the half-year FY25 increased by 5.5% to 1.746 MMT while Natural gas production also grew by 3.99%, reaching 1,617 MMSCM during the period.

Q1FY25 Quarterly Result Announced for Oil India Ltd.

Exploration & Production company Oil India announced Q1FY25 results: OIL reported a Profit After Tax (PAT) for Q1FY25 at Rs. 1,466.84 crore with the contribution to the exchequer in the form of Special Additional Excise Duty (SAED) of USD 10.27/bbl in Q1FY25 compared to USD 2.59/bbl in Q1FY24 amounting to Rs.507.75 crore in Q1FY25 vis a vis Rs.113.55 crore in Q1FY24. A provision of Rs. 203.90 crore is kept towards Service Tax/GST on Royalty during Q1FY25. The average Crude Oil price realisation for Q1FY25 stood at USD 84.89/bbl, a 10.46% increase from USD 76.85/bbl for Q1FY24. OIL’s group’s consolidated turnover for Q1FY25 is Rs. 9,350.89 crore, up from Rs. 6,408.76 crore in Q1FY24. The consolidated Profit After Tax for Q1FY25 is Rs.2,016.30 crore, compared to Rs.1,399.49 crore for Q1FY24.

Q4FY24 Quarterly & FY24 Annual Result Announced for Oil India Ltd.

Exploration & Production company Oil India announced Q4FY24 & FY24 results: FY24 Financial Highlights: The company registered its highest ever EBIDTA of Rs 11,643.30 crore for FY24, attributed to sound operating performance. Profit after tax (PAT) for FY24 decreased to Rs 5,551.85 crore compared to Rs 6,810.40 crore for FY23 due to provisions made for statutory compliances. Crude oil production in FY24 increased by 5.76% to 3.359 MMT compared to 3.176 MMT in FY23. Natural gas production in FY24 reached its highest ever at 3.182 BCM. The company drilled a record-breaking 61 wells during FY24, surpassing all previous records since inception. The Board recommended issuing bonus shares in the ratio of one equity share of Rs 10 each for every two existing equity shares of Rs 10 each held. The group turnover for the year, considering NRL as a group company of OIL, was reported at Rs 36,303.62 crore compared to Rs 41,025.98 crore in FY23, mainly due to lower prices of crude oil, natural gas, and petroleum products during FY24 and lower throughput of NRL due to Refinery turnaround in Q1FY24. A final dividend of Rs 3.75 per equity share (pre-bonus) was recommended, translating to a final dividend of Rs 2.50 per equity share (post-bonus). Q4FY24 Financial Highlights: The company recorded the highest-ever profit after tax for Q4FY24 at Rs. 2,028.83 crore, indicating a 13.45% increase over Q4FY23. Crude oil production in Q4FY24 increased by 6% YoY. Natural gas production during Q4FY24 grew by 3.21% over the corresponding quarter of FY23.

Q4FY23 Quarterly & FY23 Annual Result Announced for Oil India Ltd.

Exploration & Production company Oil India announced Q4FY23 & FY23 results: Highest-ever net profit since the company’s inception at Rs 6,810.40 crore, a surge of 75.20% YoY on the back of higher operating income and growth in oil & gas production. During the last fiscal, the company also reported the highest-ever pipeline throughput of 8.19 MMT The company also recorded the highest-ever turnover of Rs 23,272.57 crore, a rise of 60.17% YoY The earnings per share (EPS) of the company increased to Rs 62.80/share vs Rs 35.85/share in FY22 OIL Board has declared the final dividend of Rs 5.50 per share with a total dividend of Rs 20/share (face value Rs 10) for FY23 As for Q4FY23, the company equally reported improved financial & physical performance over Q4FY22, with turnover growth of 26.15% and PAT increase of 9.71%. Crude Oil and Natural Gas production also have shown growth of 6.95% and 6.27% respectively in Q4FY23 YoY With NRL being a group company of OIL, the company recorded its highest ever consolidated profit after tax of Rs 9,854.39 crore, a growth of 46.66% YoY and a highest ever consolidated turnover of Rs 41,038.94 crore for the fiscal, an increase of 36.75% YoY