Shares of Oil India rose 7% on Wednesday, ahead of the company's June quarter results announcement on August 8.
What Happened: According to average estimates of five brokerages, Oil India is expected to report a 5.6% rise in standalone net profit to ₹1,703.9 crore. Its revenue is expected to rise 22.85% to ₹5,706.36 crore in the June quarter. EBITDA margin is expected to fall 474 basis points to 45.36%.
| Brokerage | Revenue | EBITDA margin | Net Profit |
| Yes Securities | ₹5617.7 crore | 47.97 | ₹1772.6 crore |
| Anand Rathi | ₹5687.4 crore | 45 | ₹1852.6 crore |
| Emkay | ₹5941.1 crore | 44.1 | ₹1532.7 crore |
| Elara | ₹5344.8 crore | 47.06 | ₹1704.2 crore |
| Kotak | ₹5940.8 crore | 42.7 | ₹1657.4 crore |
| Average | ₹5706.36 crore | 45.366 | ₹1703.9 crore |
See Also: Vedanta Shares Soar 4% After Q1 Print, Brokerages See Up To 40% Rally Ahead
In the previous year, Oil India had reported a net profit of ₹1,613.4 crore, a revenue of ₹4644.7 crore and EBITDA margin of 50.1%.
Kotak expects EBITDA to remain flat quarter on quarter as higher oil prices would be offset by higher windfall cess. The brokerage also expects overall crude oil sales to increase 15% year on year on lower base, and natural gas sales volume to rise 23% year on year.
Elara Capital in their note said Oil India would benefit from rising oil and gas production.
Emkay sees crude oil and gas production volumes to increase by 6% and 8% respectively in the quarter.
Price Action: Shares of Oil India rose 7.88% to ₹616.30 on Wednesday.
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