OILCOUNTUBNSEOil Country Tubular Limited· Steel And Steel ProductsMinimalNeutral
Announced Fri, 22 May · 14:21 IST

Oil Country Tubular Limited has informed the Exchange about Copy of Newspaper Publication

Revenue DeclineCompliance View source PDF

OILCOUNTUB · price

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Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹57.90
prior close
₹56.50
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AI summary

Oil Country Tubular Limited reported significant decline in FY2026 with total income dropping to Rs 7,181.12 Lakhs from Rs 12,576.76 Lakhs in FY2025, a decline of about 43%. The company posted a net loss of Rs 6,148.24 Lakhs for the year, nearly double the previous year's loss of Rs 3,186.12 Lakhs. Q4 standalone loss was Rs 1,363.64 Lakhs on income of Rs 3,041.09 Lakhs. The company also completed conversion of OCPS to equity shares, issuing 41,50,000 shares at Rs 65 per share (Rs 10 face value + Rs 55 premium) on May 8, 2025. EBITDA for FY26 stands at Rs 630.32 Lakhs.

Likely market impact

Sharp revenue decline and widening losses signal continued financial stress for the oil country tubular goods manufacturer. The negative reserves position (Rs 2,052.49 Lakhs) raises concerns about capital erosion.