Oil India Ltd's Q2FY19 standalone net profit rises 33.4% yoy to Rs862.01cr : In-line with Estimates

The company’s standalone revenue stood at Rs3,743.58cr, up 51.33% yoy.

Nov 12, 2018 12:11 IST India Infoline Research Team

Oil India Ltd Q2FY19

Standalone Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 3,743.58 51.3
EBITDA 1,474.62 45.7
EBITDA Margin (%) 39.4 [153]
Net Profit  862.01 33.4
***EBITDA margin change is bps

Oil India Ltd reported Q2FY19 results almost in-line with the estimates. Revenue grew by 51.3% yoy to Rs3,743.6cr against Rs2,473.7cr in Q2FY18, almost in-line with the estimate of Rs3,647cr. EBITDA for the quarter grew by 45.7% yoy to Rs1,474.6cr against Rs1012.2cr. EBITDA margin declined by 153bps yoy to 39.4%. Net profit for the quarter grew by 33.4% yoy to Rs862cr against Rs646cr in corresponding quarter last year, almost in-line with the estimate of Rs889cr.

• Crude oil segment's revenue grew by 57.2% yoy to Rs3,040.3cr in Q2FY19 against Rs1,934.6cr in Q2FY18.
• Natural Gas segment's revenue grew by 34.2% yoy Rs501.3cr in Q2FY19 against Rs373.5cr.
• Pipeline Transportation segment grew by 7% yoy to Rs99.7cr against Rs93.17cr in Q2FY18.

Technical View:

Oil India Ltd ended at Rs. 198.95, down by 0.65 points or 0.33% from its previous closing of Rs. 199.60 on the BSE.
The scrip opened at Rs. 200.05 and touched a high and low of Rs. 200.30 and Rs. 195.90 respectively. A total of 6,49,562 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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