Oil India Q1 Review - High Crude Oil Prices Drive Better Realisation: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Oil India Ltd. reported in-line oil sales at 0.76 million metric tonne, with gas sales above our estimate at 0.59 billion cubic meter for Q1 FY23. Strong net oil realisation was in line with our estimate and stood at $112.7/barrel of oil led by high crude prices (up 66% YoY). Oil India’s reported Ebitda was lower than our estimate at Rs 26.3 billion (up 114% YoY) due to higher-than-expected operating cost for the quarter. Brent remained high amid geopolitical risks and demand concerns while uncertainty over the government’s windfall tax would keep realisations under check for the time being.Oil India has been unable to raise its oil and gas production meaningfully in the recent past. Crude oil production was up by only 4% YoY to 0.78 mmt and its gas production rose 8% YoY to 0.77 bcm..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Oil India Q1 Review - High Crude Oil Prices Drive Better Realisation: Motilal Oswal

Oil India Q1 Review - High Crude Oil Prices Drive Better Realisation: Motilal Oswal

Choose a plan