Q2 2025 Oil India Ltd Earnings Call Transcript
Key Points
- Oil India Ltd (BOM:533106) reported a 4.79% increase in production for the quarter ended September 30, 2024, compared to the same period in 2023.
- Crude oil production increased by 5.5% in the half-year ended September 30, 2024, compared to the previous year.
- The company's turnover for the half-year ended September 30, 2024, increased by 7.58% to INR11,358.62 crores.
- Profit after tax for the half-year ended September 30, 2024, increased by 70.26% compared to the same period in 2023.
- Oil India Ltd (BOM:533106) is aggressively pursuing a long-term vision to achieve production close to 4 million tons of oil and 5 BCM of gas per year.
- Natural gas production for the quarter ended September 30, 2024, was marginally lower by 1.36% compared to the same period in 2023.
- The gross refining margin for Numaligarh Refinery Limited decreased significantly during the quarter.
- The company's EBITDA for Q2 FY25 decreased compared to the same quarter in the previous year.
- There was a sequential decline in natural gas production due to lower offtake by customers.
- The company's margin for Q2 FY25 decreased by 47.67% compared to Q2 FY24, primarily due to lower total prices.
Ladies and gentlemen, good day. And welcome to Oil India Limited Q2 FY25 results conference call hosted by Antique Stock broking Limited.
(Operator Instructions). I now hand the conference over to Varatharajan Sivasankaran from Antique Stock broking Limited. Thank you and over to you, sir.
Thank you, Neha. Very good morning to everyone. I would like to welcome all the participants to this call and the management of Oil India Limited represented by Shri. Ashok Das Director, HR and also holding additional charges as Director Finance, Shri. Saloma Yomdo Director E&D holding additional charges, Director Operations, Shri Rupam Barua ED F&A and CFO and Shri Sachidananda Maharana, CGM, F&A. I would like to handle the call to the management for their initial remark and then we can move on to Q&A.
Thank you, Mr. Varatharajan Sivasankaran. We now request our Director, HR (technical difficulty) Mr. Ashok Das to
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