Oil India Limited Q1 FY 2019-20 results

Oil India Limited
Oil India Limited

Oil India Limited (OIL), India’s second largest National Exploration & Production Company, in its 505th Board Meeting held on 9th August, 2019 approved the Q1 FY 2019-20 results.

Highlights:

  • Due to fall in international crude oil prices, average Crude Oil price realisation is lower by 7.88% to US$ 66.33 /BBL in Q1 FY2019-20 as compared to US$ 72.00/BBL during Q1 FY2018-19.
  • Average crude price realisation in INR terms is also lower by 4.35% to Rs. 4,613.25/bbl in Q1 FY2019-20 as compared to Rs. 4,823.28/bbl in Q1 FY2018-19.
  • Average natural gas price realisation during Q1 FY 2019-20 improved to US$ 3.69/MMBTU as compared to US$ 3.06/MMBTU in Q1 FY 2018-19
  • Crude Oil production for Q1 FY2019-20 is 0.813 MMT which is 3.67% lower than the crude oil production of 0.844 MMT during Q1 FY2018-19.
  • However, Natural gas production during Q1 FY2019-20 increased to 712 MMSCM, from 696 MMSCM during Q1 FY2018-19 registering an increase of 2.30%
  • EBITDA for Q1 FY2019-20 was lower by 3.86% at Rs 1,475.91 crore as compared to EBITDA of Rs 1,535.17 crore in Q1 FY2018-19.
  • There is a decrease of 11.15% in Profit After Tax (PAT) for Q1 FY2019-20 at Rs 624.80 crore as compared to PAT of Rs 703.22 crore in Q1 FY2018-19.
  • Company has received ‘NIL’ comment from Comptroller & Auditor General of India on FY 2018-19 accounts, for the 17th consecutive years.

 

Details of Q1 FY 2019-20 results are as follows:

  1. Performance:

 

Details Unit Q1
2019-20
Q1
2018-19
A. Financial    
Total Income Rs. Crores 3,496.10 3,517.23
Turnover Rs. Crores 3,373.36 3,390.46
Profit after tax (PAT) Rs. Crores 624.80 703.22
Earnings per share Rs. 5.76 6.20
EBITDA Rs. Crores 1,475.91 1,535.17
EBITDA Margin %age 42.22% 43.65%
       
B. Crude oil Price    
Crude Oil Price Realization USD/Barrel 66.33 72.00
Rs/Barrel 4,613.25 4,823.28
Ex Rate Rs. 69.55 66.99
       
C. Production    
Crude oil* MMT 0.813 0.844
Natural Gas* BCM 0.712 0.696
Oil + Oil equivalent MMTOE 1.525 1.540
       
D. Sales    
Crude oil MMT 0.798 0.811
Natural Gas BCM 0.613 0.597
Oil + Oil equivalent MMTOE 1.411 1.408

  *includes OIL’s production in joint ventures.

 

 

 

 

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