Conference Call with Oil India Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Oil India Ltd. Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Exploration & Production company Oil India announced Q4FY23 & FY23 results: Highest-ever net profit since the company’s inception at Rs 6,810.40 crore, a surge of 75.20% YoY on the back of higher operating income and growth in oil & gas production. During the last fiscal, the company also reported the highest-ever pipeline throughput of 8.19 MMT The company also recorded the highest-ever turnover of Rs 23,272.57 crore, a rise of 60.17% YoY The earnings per share (EPS) of the company increased to Rs 62.80/share vs Rs 35.85/share in FY22 OIL Board has declared the final dividend of Rs 5.50 per share with a total dividend of Rs 20/share (face value Rs 10) for FY23 As for Q4FY23, the company equally reported improved financial & physical performance over Q4FY22, with turnover growth of 26.15% and PAT increase of 9.71%. Crude Oil and Natural Gas production also have shown growth of 6.95% and 6.27% respectively in Q4FY23 YoY With NRL being a group company of OIL, the company recorded its highest ever consolidated profit after tax of Rs 9,854.39 crore, a growth of 46.66% YoY and a highest ever consolidated turnover of Rs 41,038.94 crore for the fiscal, an increase of 36.75% YoY Result PDF