Oil India Ltd. share price target

Our SOTP target is Rs 384/sh (9x Sep19 standalone core EPS + Rs 126/sh from investments). Maintain NEUTRAL. In 2QFY18, Oil India (OIL) reported 21% YoY increase in EBITDA to Rs 10.1bn, led by higher oil realisations (+7.9% YoY), increase in oil sales volumes (+3.6% YoY) and gas volumes (+3.4% YoY). However, these factors were offset by lower gas realisations (-18% YoY) and higher employee cost (+20%). PAT came in at Rs 6.46bn (+11% YoY), owing to higher depletion cost (+28%).

Oil India Ltd Q2FY18 results comment Revenue rose by 6.09% to Rs. 2473.74 Cr in Q2FY18 when compared to the previous quarter. Also, it grew by 6.11% when compared with Q2FY17.

Oil India's (OIL) Q2FY18 result was a mixed bag where revenue and PAT was in line with estimate while EBITDA was ahead of expectation. Higher oil/gas volume, net oil realisation along with lower other expenses boosted operating profit. OIL's revenue/EBITDA/PAT grew 6%/21%/11% YoY to Rs24.7/10.1/6.5 bn. Oil/gas...

OINL's revenue of INR24.7b (+6% YoY, +6% QoQ) was ahead of our estimate of INR23.1b, led by a higher sales-to-production ratio. Reported EBITDA of INR10.1b (+21% YoY, +16% QoQ) was significantly above our estimate of INR7.6b, led by lower other expenditure at USD4.7/boe v/s USD6.8/boe in 2QFY17 and USD5.4/boe in 1QFY18. PAT came in at INR6.5b (est. of INR5.4b; +11% YoY, +43% QoQ) the difference at the PAT level declined due to lower other income of INR3.3b (est. of INR4.6b; -15% YoY, +115% QoQ). Realization at USD50.1/bbl: In 2QFY18, gross realization stood at USD50.1/bbl...

Oil India Ltd. (OIL) is engaged in the business of exploration, development and production of crude oil and natural gas. It is also into transportation of crude oil and production of LPG. OIL's revenue increased by just 5% YoY in Q1FY18 as higher crude oil volume and realization waso ffset by lower gas volume and price....

Oil India's (OIL) Q1FY18 revenue and EBITDA was completely in-line with IDBIest while PAT is below expectation due to lower than estimated other income. OIL's revenue/EBITDA grew 5%/1.3% YoY to Rs23.3/Rs8.7 bn while PAT declined 8.9% YoY to Rs4.5 bn. Oil production volume rose 6% YoY to .831mmt while gas volume declined 1% to 724mmscm. Oil realization grew 12.3% YoY to US$48.4/bbl. Rise in crude oil volume rose to highest level in last ten quarters, which is a key positive. Further, oil and gas price are expected to rise in coming quarters which...

Revenue grew by 2.49% to Rs. 2435.53 Cr in Q4FY17 when compared to the previous quarter.

OIL India, is a leading Oil & Gas Navratna' company engaged in exploration, development, production and transportation of crude oil and natural gas. It is India's second largest Oil & Gas Company having over 5 decades of experience across Oil & Gas value chain. OIL has 101694 sq.km of licensed area for oil & gas exploration having global presence. The company has strong oil and gas reserve base with 2P...

Revenue increased by 5.96% to Rs. 2376.37 Cr in Q3FY17 when compared to the previous quarter. Also, it grew by 7.1% when compared with Q3FY16.

Oil India (OIL) reported 1% YoY decline in EBITDA to Rs 7.3bn. Impact of higher crude realisation ( 20%) was negated by lower gas prices (-35%). However, lower tax rate boosted PAT to Rs 4.5bn ( 18%).