Oil Country Tubular Limited has announced its unaudited financial results for the quarter ended December 31, 2025, revealing a challenging operational period with significant losses and declining revenues. The company's Board of Directors approved these results during their meeting held on February 12, 2026.

Financial Performance Overview

The company reported a substantial deterioration in financial performance during Q3FY26. Oil Country Tubular Limited posted a net loss of ₹1,747.35 lakhs compared to a net profit of ₹164.37 lakhs in the corresponding quarter of the previous year, representing a complete reversal of profitability.

Nine Months Performance

For the nine months ended December 31, 2025, the company's performance showed continued challenges. The net loss widened to ₹4,784.59 lakhs from ₹2,131.97 lakhs in the corresponding period of the previous year.

Segment-wise Analysis

The company operates primarily in two segments: Drill Pipe and Allied Products, and OCTG Services. Both segments reported losses during the quarter:

• Drill Pipe and Allied Products: Segment loss of ₹1,850.77 lakhs on revenue of ₹488.93 lakhs
• OCTG Services: Segment loss of ₹276.96 lakhs on revenue of ₹73.17 lakhs

Operational Highlights

During the nine months under review, the company issued and allotted 41,50,000 equity shares of face value ₹10 each, fully paid up, pursuant to conversion of OCPS to Equity Shares at a premium of ₹55 each on May 8, 2025. The EBITDA for the nine months ended December 31, 2025, was ₹370.91 lakhs.

Regulatory Compliance

The Board noted fines imposed by stock exchanges for non-compliance related to delay in submission of Related Party Transaction disclosures. Both BSE Limited and National Stock Exchange imposed fines of ₹5,000 each (plus GST) for an unintentional delay of one day in submission of RPT disclosures in XBRL mode for the period ended September 30, 2025. The company has since paid the applicable fines and strengthened internal controls to prevent recurrence.

Capital Structure

The paid-up equity share capital stood at ₹5,198.95 lakhs as of December 31, 2025, with a face value of ₹10 per share. The company does not have any subsidiary companies and operates as a standalone entity in the oil country tubular goods manufacturing and services sector.

Oil country tubular Limited has announced that its board of directors will convene on February 12, 2026, to review and approve the company's unaudited standalone financial results for the third quarter of fiscal year 2026. The meeting notification was communicated to stock exchanges on February 02, 2026, in accordance with regulatory requirements.

Board Meeting Details

The scheduled board meeting will focus on considering and approving the company's financial performance for the quarter ended December 31, 2025. This quarterly review represents a standard corporate governance practice for listed companies to maintain transparency with stakeholders and regulatory compliance.

Regulatory Compliance

The announcement was made pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered, ensuring market transparency and investor awareness.

The company formally notified both major Indian stock exchanges about the upcoming board meeting. BSE Limited and National Stock Exchange of India received the official communication, allowing investors and market participants to prepare for the financial results disclosure.

Company Communication

The notification was signed by Suryawanshi Vaibhav Suryakant, who serves as the Company Secretary and Compliance Officer. The digital signature was authenticated on February 02, 2026, at 11:28:19 hours, demonstrating the company's commitment to timely regulatory compliance and transparent communication with stakeholders.