Oil Country Tubular Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
OILCOUNTUB · price
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Oil Country Tubular Limited reported audited financial results for FY 2025-26 with a net loss of Rs. 6,148.24 lakhs, significantly worse than the previous year's loss of Rs. 3,186.12 lakhs. Total income from operations declined sharply to Rs. 7,181.12 lakhs from Rs. 12,576.76 lakhs in the prior year, representing approximately 43% revenue decline. EBITDA for the year stood at Rs. 630.32 lakhs. The company issued 41,50,000 equity shares during the year upon OCPS conversion. Statutory auditors C K S Associates issued an unmodified opinion. Key management changes include appointment of Mr. Ramamuni Reddy Jampanapalle as CFO and change in designation of Mr. Paruchuri Dheeraj Chowdary to Whole Time Director (subject to shareholder approval). The auditor firm converted to LLP structure with no change in audit engagement.
The substantial widening of losses and near-halving of revenue signals serious operational challenges, likely in the OCTG and drill pipe manufacturing segment. Shareholders should monitor cash burn and debt levels as the company burns cash operationally while losses mount.