- Oil India’s net income for the 4th Quarter has surpassed estimates, reaching 20.3 billion rupees, with an increase of 13% year on year. The estimate was 16.67 billion rupees.
- The revenue for the company stands at 57.6 billion rupees, showing an increase of 1.9% year on year. The estimated revenue was around 57.51 billion rupees.
- Total costs for Oil India rose by 8.8% year on year, coming up to 40.7 billion rupees.
- Other income for the company showed a significant surge, going up by 93% year on year, settling at 8.3 billion rupees.
- The company declared a dividend per share of 3.75 rupees.
- An interesting move from Oil India is the decision to give out one free share for every two held.
- The company has a positive outlook with 15 buys, no holds, and only 3 sells.
- All comparisons to past results are based on values reported by the company’s original disclosures.
A look at Oil India Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
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. is positioned for a bright long-term future based on its impressive Smartkarma Smart Scores. With a top score of 5 in Dividend and Momentum, the company shows strength in providing consistent returns to shareholders and maintaining positive stock performance. Additionally, scoring 4 in both Value and Growth signifies a solid foundation in terms of valuation and potential for expansion. Although the Resilience score of 3 suggests some room for improvement in facing economic challenges, the overall outlook remains optimistic for Oil India Ltd.
Oil India Ltd. explores, develops, and produces crude oil and natural gas in India and internationally. The Company’s diverse operations not only include oil and gas exploration but also extend to transportation, liquefied petroleum gas production, pipeline services, and exploration-related services. With its robust Smartkarma Smart Scores, Oil India Ltd. stands as a promising player in the energy sector, poised for continued growth and competitiveness in the market.
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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