- Oil India’s net income for the third quarter was 12.2 billion rupees, marking a 23% decrease compared to the previous year.
- The net income figure fell short of the estimated 16.74 billion rupees.
- Revenue stood at 52.4 billion rupees, which is a 10% decline year-over-year, and below the forecast of 53.79 billion rupees.
- Total costs were recorded at 38.8 billion rupees, reflecting a 12% reduction from the previous year.
- Other income saw a significant decline of 63% year-over-year, amounting to 1.89 billion rupees.
- A dividend of 7 rupees per share was announced.
- Analyst ratings include 15 buys, 1 hold, and 3 sell recommendations.
A look at Oil India Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Oil India Ltd, a leading player in the exploration and production of crude oil and natural gas, has garnered solid Smart Scores across various key factors. With a high Dividend score of 5, investors can expect consistent and attractive returns over the long term. Additionally, the company’s strong Value score of 4 underscores its potential for sustainable growth and profitability, making it an appealing choice for value-oriented investors.
While Oil India Ltd scores well in Dividend and Value, its Growth score of 4 suggests promising prospects for expansion and development in the future. However, the company’s slightly lower Resilience score of 3 and Momentum score of 2 indicate some potential areas of improvement in terms of stability and market performance. Overall, with a solid foundation in exploration and production, Oil India Ltd appears well-positioned for long-term success in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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