Oil India Ltd Share Price – NSE /  BSE

Crude Oil & Natural Gas, Mid Cap

Oil India Ltd fell 3.54% today to trade at Rs 329.35. The BSE Oil & Gas index is down 2.03% to quote at 22004.6. The index is down 11.96 % over last one month. Among the other constituents of the index, Oil & Natural Gas Corpn Ltd decreased 3.33% and Petronet LNG Ltd lost 3.14% on the day. The BSE Oil & Gas index went down 23.81 % over last one year compared to the 1.59% fall in benchmark SENSEX.

Oil India Ltd has lost 19.78% over last one month compared to 11.96% fall in BSE Oil & Gas index and 6.2% drop in the SENSEX. On the BSE, 10414 shares were traded in the counter so far compared with average daily volumes of 1.29 lakh shares in the past one month. The stock hit a record high of Rs 767.3 on 30 Aug 2024. The stock hit a 52-week low of Rs 328.85 on 04 Mar 2025.

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Oil India Ltd fell for a fifth straight session today. The stock is quoting at Rs 345.15, down 5.67% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.84% on the day, quoting at 22131.1. The Sensex is at 73247.33, down 1.83%.Oil India Ltd has eased around 15.31% in last one month.Meanwhile, Nifty Energy index of which Oil India Ltd is a constituent, has eased around 8.09% in last one month and is currently quoting at 30659.25, down 2.25% on the day. The volume in the stock stood at 29.77 lakh shares today, compared to the daily average of 29.69 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 346.95, down 5.76% on the day. Oil India Ltd tumbled 5.27% in last one year as compared to a 0.67% rally in NIFTY and a 22.84% fall in the Nifty Energy index.

The PE of the stock is 9.08 based on TTM earnings ending December 24.

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According to an exchange filing, the partnership was described as a significant milestone in advancing the exploration of critical minerals, both within India and abroad, recognizing their vital importance for the nation’s energy security and sustainable growth.

Under this collaboration, Oil India and MECL will jointly undertake exploration activities aimed at identifying, evaluating, and developing mineral-rich blocks. This includes the recently awarded Phop Graphite and Vanadium block in Arunachal Pradesh.

Meanwhile, the company has announced the formation of a joint venture with Assam Power Generation Corporation (APGCL) called APGCL OIL GREEN POWER.

The formation of the joint venture was approved by the Ministry of Petroleum & Natural Gas (MOP&NG) through a letter dated 15th July 2024, with the concurrence of the Department of Investment and Public Asset Management (DIPAM) and NITI Aayog.

Under this venture, the companies will plan, develop, construct, own, and operate renewable and green energy projects. These projects will include solar, small hydro, hydrogen-based wind, biomass, or any other form of renewable energy. Additionally, the venture will explore, research, and develop green hydrogen infrastructure, including production, storage, transportation, and distribution facilities. The companies will also focus on the research and development of green hydrogen technologies, with an emphasis on production using renewable energy sources and promoting green hydrogen as an alternative energy source.

Oil India holds a 49% share in the joint venture, with a total subscribed capital of 100,000 shares, each valued at Rs 10.

The official announcements were made on Saturday, 22 February 2025.

Oil India is a state-owned Maharatna under the administrative control of India's Ministry of Petroleum and Natural Gas. As of 31 December 2024, the Government of India held 56.66% stake in the company.

The company’s standalone net profit declined 22.88% to Rs 1,221.80 crore on 1.58% slide in revenue from operations (excluding excise duty) to Rs 5,239.58 crore in Q3 FY25 over in Q3 FY24.

The scrip slipped 2.52% to Rs 382.25 on the BSE.

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Profit before tax was at Rs 1,550.29 crore in the December 2024 quarter, down 19.8% from Rs 1,933.14 crore posted in the same quarter last year.

On segmental front, the company’s revenue from crude oil stood at Rs 3,657.88 crore (down 13.18% YoY), revenue from natural gas was at Rs 1,382.12 crore (down 1.98% YoY), income from pipeline transportation came in at Rs 146.46 crore (up 7.68% YoY), revenue from LPG stood at Rs 34.06 crore (down 17.09% YoY) and income from renewable energy was at Rs 19.14 crore (up 31.55% YoY) during the period under review.

EBITDA shed 11.19% YoY to Rs 2,321.34 crore in the quarter ended 31 December 2024. EBITDA margin improved to 42.76% in Q3 FY25, compared to 41.34% reported in the corresponding quarter previous year.

The company's realised crude oil price stood at $73.82/ bbl in Q3 FY25 as against $84.14/ bbl registered in Q3 FY24.

The firm’s crude oil production increased by 1.4% to 0.868 million metric tons (MMT) in Q3 FY25, as against 0.856 MMT recorded in Q3 FY24.

Natural gas production for Q3 FY25 rose by 0.85% to 0.829 billion cubic meters (BCM), compared to 0.822 BCM reported in Q3 FY24.

Meanwhile, the company's board approved second lnterim dividend of Rs 7 per equity share for the financial year 2024-25. The dividend shall be paid on or before 8 March, 2025 and 17 February 2025 has been fixed as the record date for the same.

Oil India is a state-owned Maharatna under the administrative control of India's Ministry of Petroleum and Natural Gas. As of 31 December 2024, the Government of India held 56.66% stake in the company.

The scrip added 0.01% to close at Rs 424.75 on Friday, 7 February 2025.

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