OIL · Oil Gas & Consumable Fuels
Oil India Ltd. reported revenue of ₹9,614 cr for October to December 2023, — on the year and +28.2% on the quarter.
Operating profit (EBITDA) was ₹3,443 cr, a margin of 35.8%, — on the year and −1,046 bps on the quarter.
Net profit was ₹2,608 cr, — on the year and +307.5% on the quarter, with earnings per share of ₹14.43.
Refining and marketing profits swing with crude and product margins, and inventory gains or losses can move a single quarter sharply. The quarterly statements do not carry refining margins, throughput and inventory gains or losses; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹7,497 cr | ₹9,614 cr | ₹9,147 cr | ₹8,120 cr | ₹7,247 cr | ₹8,337 cr | ₹8,808 cr | ₹7,929 cr | ₹8,394 cr | ₹8,330 cr | ₹9,293 cr | ₹12,503 cr |
| YoY | — | — | — | +31% | −3% | −13% | −4% | −2% | +16% | −0% | +6% | +58% |
| EBITDA margin | 46.3% | 35.8% | 35.7% | 38.7% | 35.0% | 30.5% | 29.4% | 29.7% | 27.4% | 27.5% | 35.3% | 46.3% |
| Other income, % of PBT | −280% | 19% | 19% | 13% | 37% | 16% | 17% | 39% | 35% | 34% | 29% | 10% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 10% | 20% | 23% | 25% | 21% | 24% | 32% | 18% | 20% | 25% | 22% | 24% |
| Net profit | ₹640 cr | ₹2,608 cr | ₹2,333 cr | ₹2,016 cr | ₹2,069 cr | ₹1,457 cr | ₹1,497 cr | ₹2,047 cr | ₹1,644 cr | ₹1,436 cr | ₹2,424 cr | ₹4,027 cr |
| YoY | — | — | — | +44% | +223% | −44% | −36% | +2% | −21% | −1% | +62% | +97% |
| Core profit YoY | — | — | — | +48% | −39% | −39% | −26% | −35% | −20% | −22% | +21% | +214% |
| EPS | ₹2.59 | ₹14.43 | ₹13.16 | ₹11.59 | ₹12.40 | ₹8.23 | ₹8.05 | ₹11.66 | ₹8.78 | ₹7.35 | ₹12.91 | ₹22.32 |
| Flags | · | · | · | ✓ | 3 | 1 | 1 | 3 | 1 | 2 | 1 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Oil India Ltd. reported revenue of ₹9,614 cr (— on the year) and net profit of ₹2,608 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.