Why Oil India shares are rising: Record profit, analysts bullish
Oil India reported a standalone profit after tax of ₹2,870 crore for Q1 FY27, up 2.5 times year-on-year, from ₹813 crore in Q1 FY26
Oil India Ltd's shares surged on Monday, driven by the company's record profit. The state-owned explorer reported its highest-ever standalone quarterly profit of ₹2,870 crore, up 2.5 times year-on-year. This beat surpassed analyst estimates of ₹813 crore in Q1 FY26. The profit, coupled with a bullish outlook from analysts, has propelled the stock to trade at ₹454.65, a 2.68 per cent rise, from its opening price of ₹450.
Despite sell orders outnumbering buy orders, the overall trend remains positive. Analysts are optimistic about Oil India's growth prospects, citing a projected 15-20 per cent EPS compounding story over three to five years. This is attributed to the company's expansion plans at the NRL refinery and a rise in crude oil output. The stock's market capitalization stands at around ₹73,929 crore, with a trailing P/E ratio of 7.56x.
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