29 June 2020 OINL recorded impairment of INR12.3b considering the impact on lower crude oil and gas prices and the additional INR5.5b in the KG Basin. This totals to INR17.8b, which has been accounted for in other expenditure. However, we have classified the impairment and write-offs as part of DD&A.; Therefore, our EBIDTA stands at INR6.8b (v/s est. -5% and -38% YoY/QoQ) against EBITDA loss of INR11b reported by the company. Owing to the aforementioned adjustment, DD&A; for the company now stands at INR20.3b (translating to USD26.7/boe). Other income was higher at INR9.9b (INR4.2b in 4QFY20) due to higher dividend and interest income.