Invest
Date : 16-02-2016
Oil India’s Q3FY16 results were below our estimates on the profit front. Revenues increased 6.7% YoY to | 2341.6 crore, marginally above our estimate of | 2332.3 crore, due to higher than estimated natural gas production at 0.8 bcm against our estimate of 0.7 bcm • EBITDA at | 752.1 crore was lower than our estimated EBITDA of | 835.1 crore due higher than estimated other expenses. PAT during the quarter declined 17.6% YoY to | 410.7 crore, below our estimate of | 490.5 crore
