Oil India Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Oil India Ltd reported a 8.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 15.3%.
- Its expenses for the quarter were up by 17.7% QoQ and down 5.7% YoY.
- The net profit decreased 29.6% QoQ and decreased 44.1% YoY.
- The earnings per share (EPS) of Oil India Ltd stood at 8.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 8639.01 | 7998.02 | 10194.78 | 8.0% | -15.3% |
Total Expenses | 6586.41 | 5598.25 | 6983.35 | 17.7% | -5.7% |
Profit Before Tax | 2052.60 | 2399.77 | 3209.99 | -14.5% | -36.1% |
Tax | 459.43 | 556.55 | 658.57 | -17.5% | -30.2% |
Profit After Tax | 1457.20 | 2069.16 | 2607.66 | -29.6% | -44.1% |
Earnings Per Share | 8.20 | 12.40 | 21.60 | -33.9% | -62.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Oil India Ltd is one of India's premier National Oil Companies engaged in the exploration, development, and production of crude oil and natural gas, transportation of crude oil, and production of LPG. As a key player in the petroleum and natural gas industry, Oil India Ltd operates in both upstream and downstream segments, with a significant presence in the exploration and extraction of oil and gas resources. The company has been involved in several strategic projects domestically and internationally, focusing on increasing production capacity and enhancing operational efficiencies. However, there is no specific recent development provided in the current data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Oil India Ltd reported a total income of ₹8639.01 crores. This represents an 8.0% increase quarter-over-quarter (QoQ) from ₹7998.02 crores in Q2FY25. However, compared to the same quarter of the previous fiscal year (Q3FY24), the total income has decreased by 15.3% from ₹10194.78 crores. This YoY decline in revenue highlights changes in the company's income generation during this period. The data indicates a fluctuation in revenue streams, which might be attributable to various factors affecting the industry.
Profitability
For Q3FY25, Oil India Ltd reported a profit before tax of ₹2052.60 crores, marking a decrease of 14.5% QoQ from ₹2399.77 crores in Q2FY25 and a more substantial decline of 36.1% YoY from ₹3209.99 crores in Q3FY24. The profit after tax for Q3FY25 stood at ₹1457.20 crores, which is 29.6% lower than the previous quarter and 44.1% lower than the same quarter last year. Earnings per share (EPS) for Q3FY25 were ₹8.20, showing a QoQ decrease of 33.9% from ₹12.40 in Q2FY25 and a YoY decrease of 62.0% from ₹21.60 in Q3FY24. These figures reflect significant shifts in profitability metrics over the periods in question.
Operating Metrics
The company's total expenses for Q3FY25 amounted to ₹6586.41 crores, which is a 17.7% increase QoQ from ₹5598.25 crores in Q2FY25 but a 5.7% decrease YoY from ₹6983.35 crores in Q3FY24. The tax expense for Q3FY25 was reported at ₹459.43 crores, showing a decline of 17.5% QoQ from ₹556.55 crores in Q2FY25 and 30.2% YoY from ₹658.57 crores in Q3FY24. These operating metrics provide insights into the cost dynamics and tax liabilities faced by the company during the reviewed periods. Such data is crucial in understanding the fiscal and operational performance of Oil India Ltd over the quarters.
