Oil India Q3 Review - Losses at Ebitda Level: IDBI Capital  
Oil India gas pipelines (image: Company website)

Oil India Q3 Review - Losses at Ebitda Level: IDBI Capital  

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

Oil India Ltd.’s Q3 FY21 revenue was in-line with our estimates while it reported Ebitda loss owing to higher than expected other expenses while tax write-back propelled profit after tax.

Company reported net revenue of Rs 21.3 billion, down 28% YoY. This was due to lower oil and gas price realizations.

Average oil realization was down 30% YoY to $44.1 while gas realization was down 40% YoY to Rs 5.1/standard cubic meter.

Crude oil sales volume was flattish to 0.723 million metric tonne while gas volume was down by 2% YoY to 0.586 billion cubic meter.

Click on the attachment to read the full report:

IDBI Capital Oil India Q3FY21 Result Update.pdf

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