Oil India Q4 Results Review - Production Growth Key Monitorable: Prabhudas Lilladher

"NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Oil India Ltd. reported an Ebitda of Rs 23.4 billion (+11% QoQ, our estimate: Rs 21.5 billion). Adjusted profit after tax came in at Rs 20.3 billion (+28% QoQ, our estimate: Rs 13 billion) on standalone basis. Increase in PAT was on account of higher than expected other income and lower depreciation and finance cost. Total oil and gas production fell by 1% and 2% QoQ. The company announced a final dividend of Rs 3.75/share and a bonus of 1:2 (1 bonus share for every two shares held). Oil India expects production to reach 4 mmt of oil and 5 bcm of gas by FY26. If the company achieves this production target, FY26 EPS would come in at Rs 73. However, on a conservative basis, we build in a 5% CAGR in oil and 10% CAGR in gas production over FY24-26E, resulting in EPS of Rs 67.3. We maintain ‘Accumulate’ rating on better visibility of production growth, valuing the standalone business at nine times FY26 adjusted EPS and adding the value of investments to arrive at our target price of Rs 722..Click on the attachment to read the full report:.Oil India Q4 Results: Profit Rises 28%, Beats Estimates.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Oil India Q4 Results Review - Production Growth Key Monitorable: Prabhudas Lilladher

Net oil realization post windfall tax stood at $78.78/bbl, while gas realization came in at US$6.5/mmBtu

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Oil India Q4 Results Review - Production Growth Key Monitorable: Prabhudas Lilladher

Net oil realization post windfall tax stood at $78.78/bbl, while gas realization came in at US$6.5/mmBtu

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