Oil India Q2fY18 Standalone Net Profit Rises 11.3% yoy

Oil India Q2fY18 Standalone Net Profit Rises 11.3% yoy

Oil India Ltd standalone revenue for the quarter came in at Rs. 2473.2 crore, registering 6.1% yoy increase. This was primarily driven by 12.5% yoy increase in revenues from crude oil segment.

EBITDA for the quarter rose by 22.7% yoy to Rs. 1335.4 crore with a corresponding margin expansion of 730 bps. EBITDA margin for the quarter stood at 54%. This margin expansion was aided by favourable movements in inventories.

The PAT for the quarter came in at Rs. 646 crore, yoy increase of 11.3%.

Technical View: 

Oil India Ltd is currently trading at Rs. 361.10, down by 2.95 points or 0.81% from its previous closing of Rs. 364.05 on the BSE.
The scrip opened at Rs. 368.50 and has touched a high and low of Rs. 371 and Rs. 360.85 respectively. So far 8,31,782(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA. Read More…

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