Oil India Q2 profit seen down 6% on lower realisation: Poll

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26 Aug, 2025 12:21

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State-run Oil India, which will announce its quarterly earnings on Wednesday, is expected to report a 6 percent fall in net profit at Rs 850 crore in July-September quarter compared to Rs 904 crore in same quarter last year impacted by lower realisation, according to the average of estimates of analysts polled by CNBC-TV18.

Net sales are seen falling 4 percent to Rs 2,600 crore in second quarter of current financial year 2014-15 from Rs 2,714 crore in the year-ago period.

Operating profit (earnings before interest, tax, depreciation and amortisation) may decline 8 percent on yearly basis to Rs 1,220 crore and margin may slip 200 basis points to 47 percent in the quarter gone by.

Factors to watch

Oil India subsidy sharing for Q2FY15 is expected to be 9 percent of Rs 24,563 crore of revenue losses of oil marketing companies, which is around Rs 2,238 crore as against Rs 2,234 crore in Q2FY14.

Realisations are expected to be lower during the quarter. Gross realisation is expected to be at USD 100 a barrel in September quarter 2014 as against USD 108 a barrel in same quarter last year while net realisation may be at USD 44 a barrel versus USD 52 a barrel during the same period.

Analysts feel margin and lower profit are expected to be led by lower crude oil prices during the quarter. Brent crude price averaged at around USD 102 a barrel, down 9 percent Y-o-Y in rupee terms and down 7 percent in dollar terms.