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Earnings Call Transcript

Oil India Earnings Call Transcript: Key Takeaways

Oil India delivered record half-yearly profits fueled by 20% crude production growth, offset by high one-time exploration write-offs from offshore wells.

Oil India Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growthH1 standalone operating revenue reached ₹16,029 Cr.
MarginsEBITDA margin rose to 48.58% from 34.32% YoY.
Demand visibilityStrong outlook for crude; gas constrained by connectivity issues.
Management confidenceExtremely high, citing robustness of model and record H1 performance.

Growth

H1 revenue reached ₹16,029 Cr; EBITDA margins expanded significantly to 48.58% due to higher realized prices and volume growth.

Outlook

Targeting 4 million metric tons crude production in FY27, with gas ramp-up to 5 BCM over 2-3 years.

Risks

Massive dry well provisions (₹1,408 Cr for Vijaypuram-1) and high operational intensity in complex deep-drilling formations.

Last quarter's promises, checked

Partly delivered

  • 1 MMT/qtr, ≥3.9 MMT FY27 → H1 crude +20% YoY, 4.0 MMT held (= PARTIAL)
  • 5 BCM from FY28-29 Q1 → now '2–3 years', connectivity constrained (= PARTIAL)
  • NRL CDU/VDU start Q1 FY27 → 'expansion ongoing' (= PARTIAL)

Missed

  • V1: fate call Sep, ~₹1,000–1,050 Cr spent → ₹1,408 Cr dry-well provision (= MISS)
  • 200m DNPL link in 2–3 mo → PESO approvals still pending (= MISS)
  • FY27 budget ₹8,600 Cr → ₹13,500–14,000 Cr upstream capex (= MISS; basis differs)
Source

Earnings Call Transcript filed with NSE, NSE: OIL. Summary written with AI assistance from the document.

Read the document ↗

Oil India Ltd: key numbers

Share price
₹444.30
Market cap
₹72,270 Cr
Revenue (annual)
₹33,946 Cr
Net profit (annual)
₹6,620 Cr
P/E (TTM)
7.8×Sector 17.6×
Promoter holding
56.66%+0.00% QoQ
FII holding
7.15%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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