Oil India Limited (Oil India) reported weak Q1FY2021 numbers, clocking a net loss of Rs. 249 crore (as against a net profit of Rs. 625 crore in Q1FY2020) due to: 1) weak oil and gas realisations, declining by 54.1% y-o-y and 29% y-o-y respectively, 2) higher-than-expected operating expenses on account of exploration cost write-off of Rs. 115 crore (versus negative Rs. 1 crore in Q1FY2020) and 3) exceptional expenses of Rs. 93 crore related to control blowout at Baghjan Oilfields and 4) lower-than-expected other income (down 87% q-o-q). Even after adjusting for exceptional expenses, net loss...