Oil India announces incorporation of JV - Assam Valley Fertilizer and Chemical Company
AVFCCL has been incorporated for setting up of a new Ammonia-Urea Complex Namrup IV Fertilizer Plant at Namrup, Assam.
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Business Standard
a day ago
- Business Standard
Oil India share price tanks 5% post Q1 results; check stock strategy here
Oil India share price today: Shares of state-run oil and gas company Oil India fell over 5 per cent to hit an intraday low of ₹401 after the company reported a decline in revenue and flat profit for the June 2025 quarter (Q1FY26). At 12:05 PM, Oil India stock was trading 5 per cent lower at ₹403.55 per share compared to the previous day's close of ₹425.1 per share on the NSE. In comparison, NSE Nifty50 was up 0.3 per cent at 24,560 levels. The market capitalisation of the company stood at ₹65,999 crore. The stock has plunged 47 per cent from the 52-week high of ₹767.9 touched on August 30, 2024. Oil India Q1 results In the June 2025 quarter (Q1FY26), Oil India reported consolidated revenue from operations of ₹8,749.94 crore, down 6.4 per cent from ₹9,350.89 crore in the year-ago period. The company's earnings before interest, tax, depreciation, and amortisation (Ebitda) stood at ₹2,808.6 crore, down 12.7 per cent compared to ₹3,218.2 crore in Q1FY25. Net profit remained almost flat at ₹1,896.4 crore against ₹1,885.8 crore in the year-ago period. Additionally, the company highlighted that during the quarter, it made a hydrocarbon discovery at the Namrup-Borhat OALP block and commenced gas production from the Bakhritibba Discovered Small Field (DSF) block located in Rajasthan's Jaisalmer District. JM Financial on Oil India According to analysts at JM Financial, Oil India's standalone Ebitda of ₹2064 crore was higher than their estimate of ₹1,950 crore (but lower than the consensus of ₹2,280 crore) on better gas sales volume and realisation, though it was partly offset by slightly lower crude sales volume and realisation. JM Financial maintained a 'Buy' rating on the stock with a target price of ₹500 based on the Brent crude price assumption of USD 70 per barrel (while CMP is discounting USD 60 per barrel of net crude realisation). However, the brokerage firm slashed its FY26 PAT estimate by 2.9 per cent, accounting for impairment loss of ₹3.1 billion in Q1FY26 in respect of two overseas blocks in Bangladesh. The brokerage expects Oil India's earnings to grow at a robust 16 per cent compound annual growth rate (CAGR) over the next three to five years, driven by a sharp 20-30 per cent output growth in the next two to three years aided by commissioning of Indradhanush gas pipeline and expansion of NRL refinery from 3mmtpa to 9mmtpa. At CMP, Oil India trades at 6.3x FY27E EPS and 1.0x FY27E BV. About Oil India Oil India is a Maharatna company owned by the Government of India. It is a fully integrated energy company engaged in crude oil and natural gas exploration, production, and transportation, along with LPG (liquefied petroleum gas) production. The company is also involved in wind and solar energy projects. It mainly operates in Northeast India and Rajasthan. Oil India has overseas assets across seven countries, including Libya, Gabon, Nigeria, Mozambique, and Bangladesh, along with producing fields in Russia and Venezuela.
Business Standard
2 days ago
- Business Standard
Oil India Q1 FY26 results: Profit flat at ₹1,896 cr, revenue down 6.4%
The state-run oil and gas company's revenue from operations stood at ₹8,749.94 crore in Q1 FY26, down 6.4 per cent from ₹9,350.89 crore in Q1 FY25 New Delhi Oil India on Tuesday reported a consolidated net profit of ₹1,896.42 crore for the first quarter of the financial year 2025-26 (Q1 FY26), flat from ₹1,885.78 crore in the same quarter last year. However, on a sequential basis, the company reported a 44.7 per cent jump in consolidated profit from ₹1,310.11 crore in Q4 FY25. The state-run oil and gas company's revenue from operations stood at ₹8,749.94 crore in Q1 FY26, down 6.4 per cent from ₹9,350.89 crore in Q1 FY25. Sequentially, the profit declined 8.7 per cent from ₹9,587.82 crore. Shares of Oil India closed at ₹425.05 apiece on the BSE on Tuesday.
Business Standard
6 days ago
- Business Standard
Oil India inks MoU with IREL to boost critical mineral resources
Oil India announced that it has signed memorandum of understanding (MoU) with IREL for the development of critical minerals. Given the increasing importance of critical minerals, OIL India has diversified into critical minerals apart from its present portfolio of Oil and Gas. IREL, a Miniratna PSU, under Department of Atomic Energy, is engaged in mining and processing of mineral sands, including extraction and refining of Rare Earth Elements. The collaboration between OIL India and IREL marks a crucial milestone in India's pursuit of self-reliance in critical minerals and rare earth elements. As part of identified PSUs under the National Critical Mineral Mission of Govt. of India, this collaboration will play a vital role in securing strategic mineral resources essential for the nation's energy security and technological advancement. Oil India is engaged in exploration, development, and production of crude oil and natural gas, transportation of crude oil, and production of LPG. It also provides various exploration & production (E&P)-related services for oil blocks. The companys consolidated net profit declined 38.8% to Rs 1310.10 on 3.7% fall in net sales to Rs 8808.34 crore in Q4 March 2025 over Q4 March 2024. The counter rose 0.02% to end at Rs 432.10 on the BSE.
