Oil India Board in its 507th Board Meeting held on 9th November, 2019 approved the Q2 and H1 FY 2019-20 results.
- Highlights: Crude Oil production during H1 FY2019-20 is 1.63 MMT as against 1.70 MMT during H1 FY2018-19.
- Natural gas production during H1 FY2019-20 increased to 1459 MMSCM from 1430 MMSCM during H1 FY2018-19.
- Due to fall in international crude oil prices, average Crude Oil price realisation is lower by 12.29% to USD 63.81/BBL in H1 FY2019-20 as compared to USD 72.75/BBL during H1 FY2018-19.
- Average Crude Oil price realisation during Q2 FY2019-20 was USD 61.30/BBL which was lower by 16.51% as compared to USD 73.42/BBL during Q1 FY2018-19.
- Natural gas price realisation during H1 FY 2019-20 improved to USD 3.69/MMBTU as compared to USD 3.06/MMBTU in H1 FY 2018-19.
- EBITDA for H1 FY2019-20 was lower by 9.43% at Rs 2,986.67 crore as compared to EBITDA of Rs 3,297.62 crore in H1 FY2018-19.
- Profit After Tax (PAT) for H1 FY2019-20 was at Rs 1,252.03 crore as compared to PAT of Rs 1,565.23 crore in H1 FY2018-19. PAT for Q2 FY 2019-20 was Rs. 627.23 crore as compared to PAT of Rs. 862.01 crore for Q2 FY 18-19.
Details of Q2 and H1 FY 2019-20 results are as follows:
- Performance:
| Details | Unit | Q2 2019-20 |
Q2 2018-19 |
H1 2019-20 |
H1 2018-19 |
|
| A. Financial | ||||||
| Turnover | Rs. Crore | 3,213.61 | 3,743.58 | 6,586.97 | 7,134.04 | |
| Total Income | Rs. Crore | 3,481.52 | 4,031.41 | 6,977.62 | 7,548.64 | |
| Net Profit | Rs. Crore | 627.23 | 862.01 | 1,252.03 | 1,565.23 | |
| Earnings per share | Rs. | 5.79 | 7.59 | 11.55 | 13.79 | |
| EBITDA | Rs. Crore | 1,510.76 | 1,762.45 | 2,986.67 | 3,297.62 | |
| EBITDA Margin | %age | 43% | 44% | 43% | 44% | |
| B. Crude Oil Price | ||||||
| Crude Oil Price Realization | USD/Barrel | 61.30 | 73.42 | 63.81 | 72.75 | |
| C. Production
|
||||||
| Crude oil* | MMT | 0.816 | 0.855 | 1.629 | 1.700 | |
| Natural Gas* | BCM | 0.747 | 0.734 | 1.459 | 1.430 | |
| Oil + Oil equivalent | MMTOE | 1.563 | 1.589 | 3.088 | 3.130 | |
| D. Sales
|
||||||
| Crude oil | MMT | 0.790 | 0.831 | 1.588 | 1.642 | |
| Natural Gas | BCM | 0.661 | 0.645 | 1.274 | 1.242 | |
| Oil + Oil equivalent | MMTOE | 1.451 | 1.476 | 2.862 | 2.884 | |
*includes OIL’s share in production in joint ventures.