Integrated Filing — IndAS



General information about company

Scrip Code 500313
NSE Symbol OILCOUNTUB
MSEI Symbol NA
ISIN INE591A01010
Name of company OIL COUNTRY TUBULAR LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 05-11-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 29-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 05-11-2026   09:30:00
End date and time of board meeting 05-11-2026   12:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 30-10-2025
Indicate Company website link for updated RPT policy of the Company www.octlindia.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There is no defalt of Loan



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 2,516.91 4,260.54
Other income 30.39 70.08
Total income 2,547.30 4,330.62
2 Expenses
(a) Cost of materials consumed 681.66 1,502.87
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 322.97 273.13
(d) Employee benefit expense 352.32 652.56
(e) Finance costs 31.40 47.65
(f) Depreciation, depletion and amortisation expense 1,657.51 3,316.39
(f) Other Expenses
1 Stores, Spares and Tools consumed 155.87 222.07
2 Power and Fuel 77.35 268.59
3 Other Expenses 543.12 846.64
Total other expenses 776.34 1,337.30
Total expenses 3,822.20 7,129.90
3 Total profit before exceptional items and tax (1,274.90) (2,799.28)
4 Exceptional items 0.00 0.00
5 Total profit before tax (1,274.90) (2,799.28)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax (36.33) (50.05)
9 Total tax expenses (36.33) (50.05)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (1,238.57) (2,749.23)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (1,238.57) (2,749.23)
17 Other comprehensive income net of taxes 370.18 740.35
18 Total Comprehensive Income for the period (868.39) (2,008.88)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 5,618.45 5,618.45
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -2.33 -5.17
Diluted earnings (loss) per share from continuing operations -2.33 -5.17
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -2.33 -5.17
Diluted earnings (loss) per share from continuing and discontinued operations -2.33 -5.17
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes : 1. The above results were taken on record by Audit Committee and Board of Directors at its meeting held on 5th November, 2026 and Statutory Auditors have carried out an Limited Review of the above results 2. Tax Expenses includes Deferred Tax. 3. To facilitate comparison, figures of the previous period have been regrouped, where ever necessary. 4. The Earnings Per Share for the current quarter has been calculated based on Profit before other comprehensive income. 5. The Segment reporting is done as per IND AS 108 as applicable, specified in section 133 of Companies Act, 2013. 6. During the Period ended 30th September, 2026 review, the company issued and allotted 41,95,000 equity shares of face value of Rs.10/- each fully paid up pursuant to conversion of OCPS to Equity Shares at a premium of Rs. 55/- each on 18th June, 2026 in compliance with the extant SEBI, Listing Regulations and Companies Act, 2013 7. During the quarter, an amount of Rs.74.35 lakhs has been reversed to power charges consequent to the revision of electricity bils under 132KV instead of 11KV, as per TSERC Regulations 8. Finance cost during the quarter includes notional interest on OCPS instrument of Rs. 14.79 in compliance with Ind AS 32 (Financial Instruments) 9. EBITDA for the Period ended 30th September, 2026 is Rs.564.76 lakhs 10. The Company does not have any Subsidiary Companies



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 20,980.69
Capital work-in-progress 978.62
Investment property 0.00
Goodwill 0.00
Other intangible assets 16.31
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 187.48
Total of other non-current financial assets 187.48
Total non-current financial assets 187.48
Deferred tax assets (net)
Other non-current assets
Total of other non-current assets
Total non-current assets 22,163.10
2 Current assets
Inventories 3,282.61
Current financial asset
Current investments 0.00
Trade receivables, current 1,126.19
Cash and cash equivalents 694.39
Bank balance other than cash and cash equivalents 725.37
Loans, current 0.00
Other current financial assets
Total of other current financial assets 32.33
Total current financial assets 2,578.28
Current tax assets (net) 59.29
Other current assets
1 Other Current assets 1,194.19
Total of other current assets 1,194.19
Total current assets 7,114.37
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 29,277.47
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 5,618.45
Other equity 13,360.78
Total equity attributable to owners of parent 18,979.23
Non controlling interest
Total equity 18,979.23
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1,856.10
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
Total of other non-current financial liabilities
Total non-current financial liabilities 1,856.10
Provisions, non-current 28.13
Deferred tax liabilities (net) 61.21
Deferred government grants, Non-current
Other non-current liabilities
1 Other non-current liabilities 7,966.61
Total of other non-current liabilities 7,966.61
Total non-current liabilities 9,912.05
Current liabilities
Current financial liabilities
Borrowings, current 31.05
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 173.19
Total Trade payable 173.19
Other current financial liabilities
1 Other current financial liabilities 14.75
Total of other current financial liabilities 14.75
Total current financial liabilities 218.99
Other current liabilities 128.39
1 Other current liabilities 128.39
Total of other current liabilities 128.39
Provisions, current 38.81
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 386.19
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 10,298.24
Total equity and liabilites 29,277.47
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 DRILL PIPE AND ALLIED PRODUCTS 2,498.02 4,229.44
2 OCTG SALES 0.00 0.00
3 OCTG SERVICES 0.0001888 0.0003111
4 OTHER SALES AND SERVICES 0.00 0.00
Total Segment Revenue 2,516.90 4,260.55
Less: Inter segment revenue
Revenue from operations 2,516.90 4,260.55
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 DRILL PIPE AND ALLIED PRODUCTS (1,264.15) (2,801.11)
2 OCTG SALES 0.00 0.00
3 OCTG SERVICES (9.75) (20.60)
4 OTHER SALES AND SERVICES 0.00 0.00
Total Profit before tax (1,273.90) (2,821.71)
i. Finance cost 1.01 (22.44)
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax (1,274.91) (2,799.27)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 DRILL PIPE AND ALLIED PRODUCTS 1,126.19 1,126.19
2 OCTG SALES 0.00 0.00
3 OCTG SERVICES 0.00 0.00
4 OTHER SALES AND SERVICES 0.00 0.00
Total Segment Asset 1,126.19 1,126.19
Un-allocable Assets 28,151.28 28,151.28
Net Segment Asset 29,277.47 29,277.47
4 Segment Liabilities
Segment Liabilities
1 DRILL PIPE AND ALLIED PRODUCTS 173.19 173.19
2 OCTG SALES 0.00 0.00
3 OCTG SERVICES 0.00 0.00
4 OTHER SALES AND SERVICES 0.00 0.00
Total Segment Liabilities 173.19 173.19
Un-allocable Liabilities 10,125.04 10,125.04
Net Segment Liabilities 10,298.23 10,298.23
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) The Segmental Reporting is given for Sales and Services since the Company is predominantly engaged in the manufacture and sale of Drill Pipe and Allied Products, Oil Country Tubular Goods (OCTG) and Services associated with the product.



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Defered Tax 370.18 740.35
Total Amount of items that will not be reclassified to profit and loss 370.18 740.35
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 370.18 740.35



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (2,799.28)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 47.64
Adjustments for decrease (increase) in inventories 187.94
Adjustments for decrease (increase) in trade receivables, current 112.63
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets (629.55)
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 0.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (1,379.79)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 3,316.39
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 30.37
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 1,624.89
Net cash flows from (used in) operations (1,174.39)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 4.04
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (1,178.43)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 998.41
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 30.37
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (968.04)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 1,231.26
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 833.50
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 32.85
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 2,031.91
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (114.56)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (114.56)
Cash and cash equivalents cash flow statement at beginning of period 808.95
Cash and cash equivalents cash flow statement at end of period 694.39





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 CKS ASSOCIATES LLP Yes 31-07-2027


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Oil Country Tubular Limited KAMINENI LIFE SCIENCES PRIVATE LIMITED One of the Director is related Interest paid 32.59 Nill 32.59 650.00 650.00 Any other interest Component on ICD 10.0 0
2 Oil Country Tubular Limited K S N Trust One of the Director is related Any other transaction Rent Paid 50.52 Nill 50.52 8.42 8.42 Any other Rent Paid 0 0
3 Oil Country Tubular Limited K Suryanarayana Chairman and Managing Director Remuneration 42.00 Nill 42.00 0.00 0.00 Any other REMUNARATION 0 0
4 Oil Country Tubular Limited Lal Bahadur Shastry Gubba Chief financial officer Remuneration 4.00 Nill 4.00 0.00 0.00
5 Oil Country Tubular Limited Vaibhav Suryakant Suryawanshi Company Secretary Remuneration 6.73 Nill 6.75 0.00 0.00
6 Oil Country Tubular Limited Ramamuni Reddy J. Chief financial officer Remuneration 6.48 Nill 6.48 0.00 0.00
7 Oil Country Tubular Limited P Dheeraj Chowdary Whole Time Director Remuneration 14.00 Nill 14.00 0.00 0.00
8 Oil Country Tubular Limited UNITED STEEL ALLIED INDUSTRIES PRIVATE LIMITED One of the Director is related Any other transaction The option of conversion of OCPS to Equity shares has been closed and the balance OCPS is considered as a Borrowing 1,268.25 Nill 1,268.25 0.00 1,268.25 Any other The option of conversion of OCPS to Equity shares has been closed and the balance OCPS is considered as a Borrowing 0 8 years
Total value of transaction during the reporting period 1,424.59