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OILCOUNTUBNSEOil Country Tubular Limited· Steel And Steel ProductsHighNeutral
Announced Thu, 21 May, 2026 · 18:29 IST

Oil Country Tubular Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Revenue declinedNet loss reportedNegative operating cash flowResults View source PDFExplain this filing

OILCOUNTUB · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+0.2%Reaction day
₹57.90
prior close
₹57.26
announcement price
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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+0.1% vs market

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
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AI summary

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.

Likely market impact

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.