State owned oil PSU Oil India limited The nine -month period ending on 31 December, 2024, on a standalone and consolidated basis.
Declaration of announcement
In its exchange filing, Oil India said, “Notices are given here that the company’s board meeting has been scheduled on Friday, 7 February 2025. financial result The company ended at standalone and consolidated basis on 31 December 2024 for the quarter and nine months. ,
The upcoming declaration follows a strong financial performance by the company in the previous quarter.
Performance in Q2Fy25
For the September quarter, Oil India reported a consolidated net profit 1,834 crore, marking 25 percent sequential growth compared to 1,466.8 crore in June quarter. However, the revenue led to a slight decline in revenue, 1.6 percent slipped 5,246.2 crore 5,332 crore in the last quarter.
Company’s Ebitda fell to 11.5 percent for Q2Fy25 2,183.2 crore from 2,466 crore quarterly-spectacles, with margin, have narrowness from 46.3 percent to 41.6 percent.
On the annual basis, the results were more promising. Oil India registered enough jump in net profit, reaching 2,069 crore compared to 640 crores in Q2Fy24. However, revenue declined by 8 percent year after year From 8,136 crores 8,816 crore in the same quarter last year.
Dividend update
In addition to its financial performance, Oil India declared an interim Dividend 30 percent, equal to 3 per share with a marked price 10. The record date for dividends was scheduled for November 15, 2024, with the company’s commitment for shareholder returns.
Stock performance
Mixed trends were seen in recent trading sessions in Oil India’s stock. During intra-day deals, it touched a high 411.25, up to 1 percent from last bandh, but also submerged 390.45, marking a decline of 4 percent.
Its record high 767.30 in August 2024, PSU stock About 50 percent of its value is lost. Despite this, it is about 45 percent above the lower level of the 52-week. Recorded in 269.83, January 2024.
In the last one year, the stock has increased by more than 51 percent, which shows strong investors interest. However, in January 2025, a 7 percent decline faced, after a 12 percent decline in December 2024, indicated a challenging period for PSU stock.
