Oil Country Tubular Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
OILCOUNTUB · price
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Oil Country Tubular Limited announced unaudited Q1 FY26 results (quarter ended June 30, 2025) with total income from operations at Rs. 2,505.87 lakhs, almost flat compared to Rs. 2,536.17 lakhs in Q1 FY25. The company continued to report losses, though narrower — net loss from ordinary activities after tax was Rs. 880.53 lakhs versus Rs. 980.62 lakhs in the year-ago quarter. EBITDA for the quarter stood at Rs. 927.53 lakhs, and basic EPS was negative Rs. 1.85. The Board also approved several leadership changes: appointment of Dr. Kamineni Shashidhar (son of CMD K. Suryanarayana) as Non-Executive Additional Director, Mr. G.L.B Shastry as new CFO, re-designation of Mr. J. Ramamuni Reddy as Head-Accounts, and Mr. Vaibhav S Suryawanshi as Company Secretary. The 39th AGM was scheduled for September 10, 2025, via video conferencing.
Persistent quarterly losses and negative reserves (Rs. 873.14 lakhs) remain a concern for shareholders, though the loss is shrinking. The induction of the CMD's son to the board and a new CFO signal a governance reshuffle, but the related-party directorship may raise governance questions for minority investors.