Oil Country Tubular Limited Issues Corrigendum for Q2 FY2026 Financial Results

Oil Country Tubular Limited (OCTL), a manufacturer of drill pipes and oil country tubular goods (OCTG), has issued a corrigendum to correct typographical errors in its unaudited financial results for the quarter and half-year ended September 30, 2025. The company has reported a widened net loss for the second quarter of fiscal year 2026.

Financial Performance Corrections

OCTL has made the following corrections to its previously reported financial results:

• Reserves excluding revaluation reserves for the quarter ended June 30, 2025, have been corrected from Rs. 113.23 lakhs to Rs. 873.14 lakhs.
• Segment-wise results for Drill Pipe and Allied Products and OCTG Services segments have been revised for both Q1 and Q2 FY25-26.

Updated Financial Performance

The company's corrected financial performance for Q2 FY2026 and the half-year ended September 30, 2025, is as follows:

Corporate Actions

During the half-year period, OCTL issued 41,50,000 equity shares through conversion of warrants at a premium of Rs. 35 per share.

Outlook

The increase in net loss and the reported revenue figures reflect the current financial position of OCTL. The company's efforts to correct and transparently report its financial results demonstrate a commitment to accurate financial reporting. Investors and stakeholders may closely monitor OCTL's performance and strategies in the coming quarters.