Oil Country Tubular Q3 FY24 Results Live: Loss Rise by 105.25% YoY
Oil Country Tubular Q3 FY24 Results Live: Revenue Increased by 4800.74% YoY & Loss Increased by 105.25% YoY
Oil Country Tubular, a leading company in the tubular industry, has announced its Q3 FY24 results on 12th February, 2024. The company has witnessed a significant increase in revenue by 4800.74% compared to the same period last year. However, the company has also experienced a rise in its losses by 105.25% YoY.
In comparison to the previous quarter, the company's revenue has grown by 689.92%, showing a strong performance. However, the increase in losses by 8.84% is a matter of concern for the company.
The selling, general, and administrative expenses of Oil Country Tubular have witnessed a rise of 22.47% compared to the previous quarter. However, when compared to the same period last year, there has been a decrease of 1%.
The operating income of the company has decreased by 32.31% compared to the previous quarter, indicating a decline in its operational performance. Furthermore, there has been a significant decrease of 120.09% YoY.
The earnings per share (EPS) for Q3 FY24 stand at ₹-3.65, which is a decrease of 105.06% YoY. This decline in EPS reflects the challenges faced by the company during this period.
In terms of returns, Oil Country Tubular has delivered -7.65% in the last 1 week, indicating a decline in investor confidence. However, the company has shown strong returns of 140.66% in the last 6 months and 57.1% year-to-date, which is a positive sign for long-term investors.
Currently, Oil Country Tubular has a market capitalization of ₹208.38 Cr, reflecting its market value. The company's 52-week high and low stand at ₹58.6 and ₹12.9 respectively, showing the volatility in its stock price.
Oil Country Tubular Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 5.98 | 0.76 | +689.92% | 0.12 | +4800.74% |
| Selling/ General/ Admin Expenses Total | 1.34 | 1.1 | +22.47% | 1.36 | -1% |
| Depreciation/ Amortization | 22.63 | 12.95 | +74.72% | 4.74 | +377.71% |
| Total Operating Expense | 26.7 | 16.42 | +62.63% | 9.54 | +179.96% |
| Operating Income | -20.72 | -15.66 | -32.31% | -9.42 | -120.09% |
| Net Income Before Taxes | -22.26 | -16.95 | -31.31% | -7.87 | -182.91% |
| Net Income | -16.15 | -14.84 | -8.84% | -7.87 | -105.25% |
| Diluted Normalized EPS | -3.65 | -3.35 | -8.96% | -1.78 | -105.06% |
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