- Oil India’s net income in the second quarter was 10.44 billion rupees, representing a 43% decrease year-over-year, and falling short of the estimated 16.71 billion rupees.
- Revenue for the quarter was 54.6 billion rupees, a slight 1.1% decline from the previous year, but exceeded the estimated 52.79 billion rupees.
- Total costs increased by 22% year-over-year, amounting to 49.7 billion rupees.
- Other income for the quarter was 8.31 billion rupees, showing a 2.9% decrease from the previous year.
- The company declared a dividend per share of 3.50 rupees.
- Analyst recommendations include 15 buys, 3 holds, and 2 sells.
- Comparisons with previous results are based on the company’s original disclosures.
A look at Oil India Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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 company engaged in the exploration and production of crude oil and natural gas in India and globally, has received mixed ratings in terms of its long-term outlook according to Smartkarma Smart Scores. With a strong Dividend score of 5 and favorable ratings in Value, Resilience, and Momentum, the company seems well-positioned to provide steady returns to its investors. However, its Growth score of 3 indicates a moderate potential for future expansion. Overall, Oil India Ltd appears to be a stable investment option with reliable dividend payments, solid value, and resilience in the face of market fluctuations.
Despite facing some challenges in terms of growth potential, Oil India Ltd stands out for its consistent dividend payments and stable performance. With a focus on exploration, production, and various related services in the oil and gas sector, the company has secured a strong position in the industry. Investors looking for a reliable income stream and a company with a solid track record may find Oil India Ltd to be a promising long-term investment opportunity based on the Smartkarma Smart Scores analysis.
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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