Oil India Ltd Q2FY17
Standalone Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||35.9||19|
|Net Profit (adjusted)||580||[17.9]|
Oil India Ltd’s Q2FY17 result is in-line with the market consensus. The net revenue for the quarter declined by 7.9% yoy to Rs 2331 cr.
The EBITDA declined by 7.4% yoy to Rs 837 cr due to Rs. 80 cr higher other expenses which include statutory levies, exchange loss and exploratory wells write off. The EBITDA margin grew by 19 bps yoy and stood at 35.9% in Q2FY17 against 35.7% of previous year.
The net profit declined by 17.9% yoy to Rs 580 cr against Rs 706 cr of last year due to lower revenues and lower other income which includes interests and dividends from investments.
Company has recommended issue of Bonus shares in the ratio of 1:3 i.e. One bonus equity shares of Rs. 10/- each for every Three existing fully paid up equity share of Rs. 10/- each.
Oil India Ltd is currently trading at Rs. 427.8, down by 9.1 points or 2.08% from its previous closing of Rs. 436.9 on the BSE.
The scrip opened at Rs. 437 and has touched a high and low of Rs. 444.95 and Rs. 425 respectively. So far 1698746(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
BSE 338.60 2.55 (0.76%)
NSE 337.35 0.75 (0.22%)
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