Oil Country Tubular Limited has informed the Exchange regarding Board meeting held on May 08, 2025.
OILCOUNTUB · price
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Oil Country Tubular reported audited FY25 results showing total income of Rs. 12,576.76 lakhs versus Rs. 1,969.03 lakhs last year, a sharp jump of over 500%, though the company remained in the red with a net loss of Rs. 2,186.12 lakhs (narrowed from Rs. 5,503.78 lakhs). Q4 FY25 net loss stood at Rs. 1,054.16 lakhs versus Rs. 265.96 lakhs in Q4 FY24. EBITDA for FY25 turned positive at Rs. 4,601.40 lakhs and operating cash flow swung to a healthy inflow of Rs. 3,049.36 lakhs from a Rs. 1,898.66 lakhs outflow last year. The board allotted 41,50,000 equity shares at Rs. 65 each to promoter United Steel Allied Industries on conversion of OCPS, lifting promoter holding from 52.99% to 56.74% and paid-up capital from 4.78 crore to 5.20 crore shares. The board also appointed Ms. Manjula Aleti as Secretarial Auditor for FY26–FY30, accepted the resignation of Company Secretary Mr. Sudhir Kumar Pola, and the statutory auditor issued an unmodified (clean) opinion on the results.
A turnaround is visible: revenue has scaled up sharply, EBITDA is positive, operating cash flow turned positive, and FY losses have narrowed meaningfully, which is supportive for the stock. However, the company is still loss-making at the bottom line, and the equity dilution from the OCPS conversion has increased the promoter stake while expanding the share count, so existing minority shareholders should watch share count growth and any further dilution. The clean audit opinion and lower long-term debt are positives for shareholder confidence.