Oil Country Tubular Limited Revises Q1 Segment Results Following Typographical Corrections
Oil Country Tubular Limited has revised its unaudited financial results for the quarter ended June 30, 2026, after identifying and correcting inadvertent typographical errors in the previously communicated figures. The revisions pertain to segment-wise revenue and capital employed as of June 30, 2026, along with the net Profit Before Tax and After Exceptional Items.The correction ensures that the reported Segment Results for Q1 FY27 reflect a loss of (Rs. 1,547.81 lakhs), having been previously stated incorrectly at Rs. 2824.19 lakhs. Similarly, the Total Profit Before Tax and After Exceptional Items is now accurately recorded as a loss of (Rs. 1,524.36 lakhs), instead of the prior reported figure of Rs. 2847.64 lakhs.
Q1 FY26-27 Financial Snapshot
The company's unaudited results for the quarter ending June 30, 2026, show operational income derived from its segments. Total Income from Operations stood at Rs. 1,783.33 lakhs, comprising Operational Income of Rs. 1,743.64 lakhs and Other Income of Rs. 39.69 lakhs.The segment analysis reveals the following financial status as of June 30, 2026:
| Segment | Total Revenue (Rs. in Lakhs) | Segment Results Profit/Loss (Rs. in Lakhs) |
|---|---|---|
| Drill Pipe and Allied Products | 1,731.41 | (1,536.96) |
| OCTG Services | 12.22 | (10.85) |
| Total Segment Results | 1,743.64 | (1,547.81) |
The company recorded a loss of (Rs. 1,524.36 lakhs) in Profit Before Tax and After Exceptional Items for the quarter ended June 30, 2026.
Segment Asset Allocation
Details regarding Capital Employed across segments as on June 30, 2026:| Segment | Total Segment Assets (Rs. in Lakhs) |
|---|---|
| Drill Pipe and Allied Products | 1,397.10 |
| OCTG Services | 810 |
| Total Segment Assets | 1,405.20 |
The company's segment reporting is conducted as per IND AS 108, reflecting that the organization is primarily engaged in the manufacture and sale of Drill Pipe and Allied Products, Oil Country Tubular Goods (OCTG), and associated services.
OILCOUNTUB Stock Price Movement
Oil Country Tubular Limited shares shed 1.58% on Thursday, closing at ₹56.4 after the equity fell by ₹0.90. The stock traded amidst limited activity, recording a total volume of 7,260 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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