Oil India Ltd reported Q4FY18 results in-line with the consensus estimates. Revenue from operations grew by 19.4% yoy to Rs2,998.44cr against Rs2,511.89cr in Q4FY17. EBITDA stood at Rs800.55cr, up 19% yoy against Rs671.17cr of Q4FY17. EBIDTA margin contracted by 2bps yoy to 26.7%. Net Profit for Q4FY18 stood at Rs866.5cr as against Rs19.31cr (which included royalty payment of Rs1,152cr) for corresponding period last year.
• Crude oil production registered a growth of 3.57% in FY18 to 3.394MMT as compared to 3.277MMT during FY17.
• Crude oil price realisation increased by $8.36/bbl to $55.72/bbl in FY18 as compared to $47.36/bbl during FY17.
• Company has proposed final dividend of Rs1 per share for FY18 on post bonus equity share capital.
Oil India Ltd ended at Rs. 221.30, up by 3 points or 1.37% from its previous closing of Rs. 218.30 on the BSE.
The scrip opened at Rs. 217 and touched a high and low of Rs. 224.80 and Rs. 217 respectively. A total of 15,08,354 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.
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