Earnings Review
Oil India Q4 PAT, revenue fall YoY, but beat Street's view
This story was originally published at 21:19 IST on 21 May 2025
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--Oil India Jan-Mar net profit INR 15.91 bln
--Analysts saw Oil India Jan-Mar net profit INR 14.38 bln
--Oil India Jan-Mar net profit INR 15.91 bln vs INR 20.29 bln year ago
--Oil India Jan-Mar revenue INR 55.19 bln vs INR 57.57 bln year ago
--Oil India to pay INR 1.50 per share final dividend
--Oil India FY25 net profit INR 61.14 bln vs INR 55.52 bln year ago
--Oil India FY25 revenue INR 221.17 bln vs INR 221.30 bln year ago
--Oil India Jan-Mar crude oil revenue INR 38.96 bln vs INR 41.73 bln yr ago
--Oil India Jan-Mar natural gas revenue INR 13.83 bln vs INR 13.34 bln yr ago
--Oil India Jan-Mar operating margin 28.12% vs 32.67% year ago
--Oil India FY25 operating margin 30.96% vs 33.82% year ago
By Ashutosh Pati
MUMBAI – Oil India Ltd.'s March quarter bottom line and top line declined year-on-year due to a fall in crude oil sales. However, this decline was lower than analysts' expectations.
The public sector undertaking reported a net profit of INR 15.91 billion for the March quarter, beating the Street's estimate of INR 14.38 billion. The company's revenue for the reporting quarter was INR 55.19 billion, higher than analysts' estimate of INR 53.55 billion. Oil India's bottom line fell nearly 22% on year, while its topline declined 4% on year.
Oil India's paid excise duty of INR 800,000 for the March quarter, unchanged from the December quarter but much lower than INR 2.29 billion paid in the year-ago quarter.
The revenue from crude oil fell to INR 38.96 billion in the quarter ended March from INR 41.73 billion a year ago, while sales of natural gas rose marginally to INR 13.83 billion from INR 13.34 billion a year ago. These two segments account for nearly 96% of the company's total revenue. Oil India's operating margin fell to 28.12% in the March quarter from 32.67% a year ago.
Even though Oil India's crude oil sales fell in 2024-25 (Apr-Mar), the company reported an increase in the production of crude oil and natural gas. Oil India's crude oil output in FY25 rose nearly 3% on year to 3.46 million tonnes. Natural gas production in the previous financial year rose over 2% to a record high of 3.25 billion cubic metres.
In FY25, Oil India's net profit rose over 10% from FY24 to INR 61.14 billion while revenue fell to INR 221.17 billion from INR 221.30 billion a year ago. Oil India's operating margin contracted to 30.96% in FY25 from 33.82% a year ago. The company's board announced an final dividend of INR 1.50 per share.
On Wednesday, shares of the company closed 0.8% higher at INR 426.50 on the National Stock Exchange. Oil India released its earnings for the March quarter post market hours. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Deepshikha Bhardwaj
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