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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	08-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	30-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	08-May-2025   11:00:00
End date and time of board meeting	08-May-2025   15:00:00
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	2025-01-29
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 default of loan

Financial Results Ind-AS
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	343342000	1229031000
	Other income	10573000	28645000
	Total income	353915000	1257676000
2	Expenses
(a)	Cost of materials consumed	62776000	212968000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-24513000	-51786000
(d)	Employee benefit expense	25072000	111504000
(e)	Finance costs	3507000	55140000
(f)	Depreciation, depletion and amortisation expense	249892000	696007000
(f)	Other Expenses
1	stores, spares and Tools Cosumed	66725000	163017000
2	Power and Fuel	5339000	21936000
3	Other Expenses	84651000	313920000
4	chnags in unbilled revenue	0	25977000
	Total other expenses	156715000	524850000
	Total expenses	473449000	1548683000
3	Total profit before exceptional items and tax	-119534000	-291007000
4	Exceptional items	0	0
5	Total profit before tax	-119534000	-291007000
6	Tax expense
7	Current tax	-14117000	27606000
8	Deferred tax	0	0
9	Total tax expenses	-14117000	27606000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-105417000	-318613000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	-105417000	-318613000
17	Other comprehensive income net of taxes	20575000	93029000
18	Total Comprehensive Income for the period	-84842000	-225584000
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	478395000	442895000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		-353589000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-2.35	-7.1
	Diluted earnings (loss) per share from continuing operations	-2.21	-6.67
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	-2.35	-7.1
	Diluted earnings (loss) per share from continuing and discontinued operations	-2.21	-6.67
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1. The above results were taken on record by Audit Committee and Board of Directors at its meeting held on 08/05/2025 and Statutory Auditors have carried out an Audit Review of the above results n2. Tax Expenses includes Deferred Tax. n3. To facilitate comparison, figures of the previous period have been regrouped, where ever necessary. n4. The Earnings Per Share for the current quarter has been calculated based on Profit before other comprehensive income. n5. The Segment reporting is done as per IND AS 108 as applicable, specified in section 133 of Companies Act, 2013. n6. EBITDA for the year ended March 31, 2025 is Rs. 4,601.40 lakhs n7.The Company does not have any Subsidiary Companies. n8. THe figures of last quarter are the balancing figures between Audited figures in respect of full financial year and the aduited year to date figures upto third quarter of the financial year. n9.. During the year, the company allotted Optionally Convertible Preference Shares (OCPS) for Rs.9000 Lakhs and 35,50,000 shares converted into equty. Under Ind AS 32 (Financial Instruments: Presentation), OCPS are split into debt and equity components. The equity component of OCPS is Rs. 3613.95 lakhs is considered as other equty and the debt component in the OCPS is Rs. 3078.55 lakhs is considered as a financial liability as at March 31, 2025. n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	3065300000
	Capital work-in-progress	0
	Investment property	0
	Goodwill	0
	Other intangible assets	1044000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	18296000
	Total non-current financial assets	18296000
	Deferred tax assets (net)	0
	Other non-current assets	2906000
	Total non-current assets	3087546000
2	Current assets
	Inventories	307138000
	Current financial asset
	Current investments	0
	Trade receivables, current	192393000
	Cash and cash equivalents	134629000
	Bank balance other than cash and cash equivalents	57839000
	Loans, current	0
	Other current financial assets	3019000
	Total current financial assets	387880000
	Current tax assets (net)	12213000
	Other current assets	25319000
	Total current assets	732550000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	3820096000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	478395000
	Other equity	1835810000
	Total equity attributable to owners of parent	2314205000
	Non controlling interest
	Total equity	2314205000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	178105000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	0
	Total non-current financial liabilities	178105000
	Provisions, non-current	3415000
	Deferred tax liabilities (net)	261962000
	Deferred government grants, Non-current	0
	Other non-current liabilities	710326000
	Total non-current liabilities	1153808000
	Current liabilities
	Current financial liabilities
	Borrowings, current	269750000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	12183000
	Total Trade payable	12183000
	Other current financial liabilities	40000000
	Total current financial liabilities	321933000
	Other current liabilities	29862000
	Provisions, current	288000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	352083000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	1505891000
	Total equity and liabilites	3820096000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
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 PRODCUTS	259159000	626978000
2	OCTG SALES	0	0
3	OCTG SERVICES	84183000	602053000
4	OTHER SALES AND SERVICES	0	0
	Total Segment Revenue	343342000	1229031000
	Less: Inter segment revenue
	Revenue from operations	343342000	1229031000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	DRILL PIPE AND ALLIED PRODCUTS	-77664000	-134938000
2	OCTG SALES	-48934000	-129574000
3	OCTG SERVICES	0	0
4	OTHER SALES AND SERVICES	0	0
	Total Profit before tax	-126598000	-264512000
	i. Finance cost	-7066000	-7066000
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax	-119532000	-291007000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	DRILL PIPE AND ALLIED PRODCUTS	145221000	145221000
2	OCTG SALES	0	0
3	OCTG SERVICES	47172000	47172000
4	OTHER SALES AND SERVICES	0	0
	Total Segment Asset	192393000	192393000
	Un-allocable Assets	3627703000	3627703000
	Net Segment Asset	3820096000	3820096000
4	Segment Liabilities
	Segment Liabilities
1	DRILL PIPE AND ALLIED PRODCUTS	9196000	9196000
2	OCTG SALES	0	0
3	OCTG SERVICES	2987000	2987000
4	OTHER SALES AND SERVICES	0	0
	Total Segment Liabilities	12183000	12183000
	Un-allocable Liabilities	1493708000	1493708000
	Net Segment Liabilities	1505891000	1505891000
	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
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
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
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss
3	Amount of items that will be reclassified to profit and loss
1	Remesurement of Defined benefit plans	636000	-16735000
2	Deferred Tax	19939000	109764000
	Total Amount of items that will be reclassified to profit and loss	20575000	93029000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	20575000	93029000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			-291007000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			55140000
	Adjustments for decrease (increase) in inventories			104012000
	Adjustments for decrease (increase) in trade receivables, current			-192300000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			0
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-9078000
	Adjustments for increase (decrease) in other non-current liabilities			-29317000
	Adjustments for depreciation and amortisation expense			696007000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			5001000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-16835000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			602628000
	Net cash flows from (used in) operations			311621000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			6740000
	Other inflows (outflows) of cash			55000
	Net cash flows from (used in) operating activities			304936000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			5358000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			5001000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-357000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			592145000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			-724286000
	Repayments of borrowings			0
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			55140000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-187281000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			117298000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			117298000
	Cash and cash equivalents cash flow statement at beginning of period			17332000
	Cash and cash equivalents cash flow statement at end of period			134630000