Oil Country Tubular Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
OILCOUNTUB · price
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Oil Country Tubular Limited reported weak unaudited results for Q3 FY26 and nine months ended December 31, 2025, with revenue from operations falling sharply to Rs. 562.10 lakhs in Q3 FY26 from Rs. 4,121.08 lakhs in Q3 FY25, an ~86% year-on-year drop. Nine-month revenue also declined to Rs. 4,023.79 lakhs versus Rs. 8,856.90 lakhs in the prior period. The company slipped into a pre-tax loss of Rs. 2,123.04 lakhs in Q3 FY26 (versus a small profit of Rs. 166.97 lakhs a year ago), and the nine-month loss widened to Rs. 4,927.93 lakhs from Rs. 1,714.74 lakhs. Reserves turned deeply negative at Rs. (10,822.92) lakhs, and the auditor (CKS Associates LLP) issued a clean limited review report with no qualifications. The board also noted minor fines of Rs. 5,000 each from BSE and NSE for a one-day delay in filing related-party transaction disclosures for September 2025, which have already been paid.
Sharp revenue collapse, widening losses, and eroded reserves are significant negatives for shareholders and point to stress in the core OCTG and drill pipe business. However, the clean auditor review and absence of any going-concern flag offer some reassurance that operations are still being treated as a going concern.