18 Nov 2025 | 3 Mins Read
Prabhudas Lilladher gives Buy call on Oil India, target Rs 532
Flipitmoney
Oil India's Q2FY26 production remained flat at 0.8mmt and declined 2.8% QoQ to 0.8bcm. Volume impact was lower than expected due to a production halt. Revenue improved from USD66.2/bbl to USD68.2/bbl, but EBITDA declined 39.3% YoY and 17.5% QoQ to Rs13.2bn. The rating remains at 'BUY' with a target price of Rs532.