Oil India Ltd Share Price – NSE /  BSE

Crude Oil & Natural Gas, Mid Cap

Oil India announced that the Annual General Meeting (AGM) of the company will be held on 14 September 2024.

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Oil India's Final Dividend of Rs.3.75 per share having face value of Rs.10 each now stands translated into Rs.2.50 per Equity share having face value of Rs.10 each due to effectiveness of Bonus Issue of 1:2 on 2nd July 2024.

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Oil India has fixed 30 August 2024 as record date for final dividend, if approved.

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However, revenue from operations (excluding excise duty) jumped 17.67% to Rs 5,331.92 crore in Q1 FY25 from Rs 4531.18 crore reported in the same period a year ago.

On segmental front, the company’s revenue from crude oil stood at Rs 4,207.96 crore (up 25.06% YoY), revenue from natural gas was at Rs 1,421.97 crore (up 27.74% YoY), income from LPG came in at Rs 48.21 crore (up 20.31% YoY), revenue from pipeline transportation stood at Rs 125.34 crore (up 35.9% YoY) and income from renewable energy was at Rs 36.19 crore (up 4.63% YoY) during the period under review.

Profit before tax was at Rs 1974.99 crore in the June quarter, down 5.94% as against Rs 2099.68 crore posted in Q1 FY24.

EBITDA declined 1.32% to Rs 2,627.75 in Q1 FY25 from Rs 2662.98 crore reported in Q1 FY24. EBITDA margin reduced to 43.79% in Q1 FY25 as compared to 53.49% reported in the corresponding quarter previous year.

The company's realised crude oil price stood at $84.89/ bbl in Q1 FY25 as against $76.85/ bbl registered in Q1 FY24.

The firm’s crude oil production increased by 6.22% to 0.871 million metric tons (MMT) in Q1 FY25, as against 0.820 MMT recorded in Q1 FY24.

Natural gas production for Q1 FY25 grew by 9.8% to 0.818 billion cubic meters (BCM), compared to 0.745 BCM reported in Q1 FY24.

Oil India is a state-owned Maharatna under the administrative control of India's Ministry of Petroleum and Natural Gas. As of 30 June 2024, the Government of India held 56.66% stake in the company.

The scrip rallied 5.90% to Rs 648.85 on the BSE.

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