ADVERTISEMENT

Oil India Q3 Results Review: Yes Securities Maintains 'Buy' Rating, Revises Target Price — Here's Why

Yes Securities maintains a Buy rating, with a revised target price of Rs 525/share, and find decent upside on current market price.

<div class="paragraphs"><p>Oil India's Ebitda was at Rs 21.3 billion up 1.3% YoY but down 2.3% QoQ.</p><p>(Photo source: Oil India Company website)</p></div>
Oil India's Ebitda was at Rs 21.3 billion up 1.3% YoY but down 2.3% QoQ.

(Photo source: Oil India Company website)

Depreciation, finding cost, and statutory levies showed increase, other expenses were higher than expected while other income included dividend income from its investments.
To continue reading this story
You must be an existing Premium User
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit