Oil India Share Price Down 4%; Q3 FY25 Net Profit Declines by 23% YoY

Oil India Limited’s share price has seen a decline of 4.68%, trading at ₹404.90 at 11:30 AM on the NSE, down by ₹19.90 from its previous close of ₹424.80. The stock opened at ₹414.80 and reached a high of ₹415.55 during the session, but dropped to a low of ₹404. Oil India Limited’s stock has added to its recent decline, falling by nearly 1.5% over the last two sessions.

Oil India’s Q3 FY25 Financial Highlights

Oil India, the state-owned petroleum business, reported a 23% decline in its net profit for the third quarter (Q3) of FY25, which stood at ₹1,222 crore, compared to ₹1,550.29 crore in Q3 FY24. The company also saw a 1.58% decrease in revenue from operations (excluding excise duty), which came to ₹5,240 crore.

Segment-wise, the company’s crude oil revenue declined by 13.18% to ₹3,658 crore, while revenue from natural gas dropped by 1.98% to ₹1,382 crore. However, income from pipeline transportation rose 7.68% YoY to ₹ 146 crore. LPG revenue slid 17.09% to ₹34 crore, while renewable energy income increased by 31.55% to ₹19 crore.

The company’s EBITDA for the quarter was ₹2,321.34 crore, reflecting an 11.19% YoY decrease. Despite this drop, the EBITDA margin improved to 42.76%, up from 41.34% in Q3 FY24. The realised crude oil price stood at $73.82 per barrel, lower than the $84.14 per barrel recorded during the same period last year.

Oil India Announces Dividend, Modest Production Growth

Oil India’s crude oil production saw a modest increase of 1.4%, reaching 0.868 million metric tons (MMT) compared to 0.856 MMT in Q3 FY24. Natural gas production also rose slightly by 0.85% to 0.829 billion cubic mete₹ (BCM).

In a positive development, the company’s board approved an interim dividend of ₹7 per equity share for FY25, with a record date set for February 17, 2025. The dividend is expected to be paid by March 8, 2025.

Oil India, a Maharatna company, is under the administrative control of India’s Ministry of Petroleum and Natural Gas, with the Government of India holding a 56.66% stake as of December 31, 2024.

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