ADVERTISEMENT
Oil India Q1 Results: Profit Falls 14%, But Beats Estimates
The state-run crude oil producer's profit decreased 14% sequentially to Rs 2,016.30 crore in the quarter-ended June.
08 Aug 2024, 06:23 PM IST i

Save
Image used for representational purpose (Source: Oil India/X)
Show Quick Read
Summary is AI Generated. Newsroom Reviewed
Oil India Ltd.'s consolidated net profit fell in the first quarter of financial year 2025, though it surpassed analysts' estimates.
The state-run crude oil producer's profit decreased 14% sequentially to Rs 2,016.30 crore in the quarter-ended June, according to an exchange filing on Thursday. Bloomberg analysts' consensus estimates were at Rs 1,793 crore.
Oil India Q1 FY25 Highlights (Consolidated, QoQ)
Revenue down 8% to Rs 8,120.21 crore versus Rs 9,147.01 crore (Bloomberg Estimate: Rs 5,603 crore).
Ebitda down 4% to Rs 3,141.95 crore versus Rs 3,261.23 crore (Bloomberg Estimate: Rs 2,516 crore).
Ebitda margin at 38.7% versus 35.7% (Bloomberg Estimate: 44.90%).
Net profit down 14% to Rs 2,016.30 crore versus Rs 2,332.94 crore (Bloomberg Estimate: Rs 1,793 crore).
Opinion
Oil India Bags Dolphin Drilling's Blackford Unit For Andaman Offshore Blocks
ADVERTISEMENT