OIL India Announces Strong Q4 Results with Increased Net Profit and Dividend

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OIL India has released its Q4 financial results, showcasing a solid performance despite slight variations in revenue and EBITDA. The company’s robust net profit growth, coupled with a recommended final dividend and a bonus share issue, highlights its commitment to delivering value to shareholders.

Key Financial Highlights

MetricQ4 FY2024Q4 FY2023 (QoQ)Q4 FY2023 (YoY)
Net Profit20.29B Rupees15.84B Rupees
Revenue57.57B Rupees58.15B Rupees
EBITDA23.36B Rupees23.48B Rupees
EBITDA Margin40.57%41.58%
Final Dividend3.75 Rupees/share
Bonus Share Issue1:2

Detailed Analysis

  1. Net Profit: OIL India’s Q4 net profit saw a substantial increase to 20.29 billion rupees, up from 15.84 billion rupees in the previous quarter. This significant growth highlights the company’s effective cost management and strong operational performance.
  2. Revenue: The company’s revenue for Q4 stood at 57.57 billion rupees, slightly down from 58.15 billion rupees in the previous quarter. Despite this minor decrease, the revenue figures reflect the company’s resilience in a fluctuating market.
  3. EBITDA and EBITDA Margin: OIL India’s Q4 EBITDA was 23.36 billion rupees, marginally lower than the 23.48 billion rupees reported year-over-year. The EBITDA margin for the quarter was 40.57%, compared to 41.58% in the same period last year. These figures indicate consistent operational efficiency.
  4. Dividend and Bonus Shares: The company has recommended a final dividend of 3.75 rupees per equity share, demonstrating its commitment to returning value to shareholders. Additionally, OIL India has approved a bonus issue of shares in a 1:2 ratio, which will enhance shareholder value and liquidity.

Conclusion

OIL India’s Q4 results reflect strong financial health, marked by impressive net profit growth and consistent EBITDA margins. The company’s recommendation of a final dividend and the approval of a bonus share issue further reinforce its dedication to rewarding shareholders. As OIL India continues to navigate market challenges, its strategic initiatives and solid financial performance position it well for future growth.

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