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:
- 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.