|
Net
sales (including other operating income) of Oil India has declined 3.33% to Rs
7247.03 crore. Sales of Crude Oil
segment has gone down 9.00% to Rs 3,978.79 crore (accounting for 37.13% of
total sales). Sales of Natural Gas
segment has gone down 0.42% to Rs 1,327.37 crore (accounting for 12.39% of
total sales). Sales of LPG segment rose
15.14% to Rs 43.28 crore (accounting for 0.40% of total sales). Sales of Pipeline Transportation segment has
gone down 1.05% to Rs 136.14 crore (accounting for 1.27% of total sales). Sales of Refinery Products segment has gone
down 12% to Rs 5,197.35 crore (accounting for 48.50% of total sales). Inter-segment sales came down from Rs
2,989.59 crore to Rs 2,580.40 crore.
Profit
before interest, tax and other unallocable items (PBIT) has slumped 36.27% to
Rs 2,332.29 crore. PBIT of Crude Oil
segment fell 23.81% to Rs 1,466.32 crore (accounting for 62.87% of total
PBIT). PBIT of Natural Gas segment fell
24.59% to Rs 571.26 crore (accounting for 24.49% of total PBIT). PBIT of LPG reported rose 44% to Rs 26.68
crore. PBIT of Pipeline Transportation
segment reported loss of Rs 27.75 crore compared to loss of Rs 14.41
crore. PBIT of Refinery Products segment
fell 71% to Rs 283.48 crore (accounting for 12.15% of total PBIT).
Operating
profit margin has declined from 47% to 34.99%, leading to 28.02% decline in
operating profit to Rs 2,535.83 crore.
Raw material cost as a % of total sales (net of stock adjustments)
increased from 19.51% to 19.66%.
Purchase of finished goods cost fell from 2.70% to 2.49%. Employee cost increased from 6.71% to
7.46%. Other expenses rose from 30.74%
to 36.77%. Selling and administration
expenses rose from 16.61% to 18.23%.
Stores consumed for sales rose from 1.00% to 1.30%. Contract job process charges rose from 3.84%
to 5.72%.
Other
income rose 95.75% to Rs 750.99 crore.
PBIDT fell 15.87% to Rs 3286.82 crore.
Provision for interest rose 0.22% to Rs 279.52 crore. Loan funds rose to Rs 27,821.18 crore as of
30 September 2024 from Rs 22,403.83 crore as of 30 September 2023. Inventories declined from Rs 5,448.85 crore
as of 30 September 2023 to Rs 5,393.61 crore as of 30 September 2024. Sundry debtors were lower at Rs 2,969.95
crore as of 30 September 2024 compared to Rs 3,084.09 crore as of 30 September
2023. Cash and bank balance rose to Rs 8,058.35
crore as of 30 September 2024 from Rs 5,083.44 crore as of 30 September
2023. Investments rose to Rs 36,596.92
crore as of 30 September 2024 from Rs 28,933.86 crore as of 30 September 2023 .
PBDT
fell 17.11% to Rs 3007.3 crore.
Provision for depreciation rose 21.74% to Rs 607.53 crore. Fixed assets increased to Rs 43,531.78 crore
as of 30 September 2024 from Rs 32,922.38 crore as of 30 September 2023. Intangible assets declined from Rs 1,678.14
crore to Rs 544.43 crore.
Profit
before tax down 23.30% to Rs 2,399.77 crore.
Provision for tax was expense of Rs 556.55 crore, compared to Rs 67.61
crore. Effective tax rate was 21.20%
compared to 9.55%.
Minority
interest decreased 75.89% to Rs 52.96 crore.
Net profit attributable to owners of the company increased 379.29% to Rs
2,016.20 crore.
Equity
capital increased from Rs 1,084.41 crore as of 30 September 2023 to Rs 1,626.61
crore as of 30 September 2024. Per share
face Value remained same at Rs 10.00.
Promoters’
stake was 56.66% as of 30 September 2024 ,compared to 56.66% as of 30 September
2023 .
Crude
oil production in Q2FY25 was higher by 5% YoY to 0.875 MMT. Natural gas
production was lower by 1% YoY to 0.799 MMT. Crude oil price realization fell
9% to US $ 79.33 per barrel in Q2FY25 compared to Q2FY24.
For year-to-date (YTD)
results analysis
Net
sales (including other operating income) of Oil India has increased 12.13% to
Rs 15367.24 crore. Sales of Crude Oil
segment has gone up 5.82% to Rs 8,186.75 crore (accounting for 36% of total
sales). Sales of Natural Gas segment has
gone up 12.40% to Rs 2,749.34 crore (accounting for 12% of total sales). Sales of LPG segment rose 17.81% to Rs 91.49
crore (accounting for 0.40% of total sales).
Sales of Pipeline Transportation segment has gone up 13.78% to Rs 261.48
crore (accounting for 1.14% of total sales).
Sales of Refinery Products segment has gone up 43% to Rs 11663.1 crore
(accounting for 51% of total sales).
Inter-segment sales rose Rs 3,461.60 crore to Rs 5,534.93 crore.
Profit
before interest, tax and other unallocable items (PBIT) has slumped 4.67% to Rs
5,373.10 crore. PBIT of Crude Oil
segment fell 10.48% to Rs 3,068.40 crore (accounting for 57.11% of total PBIT). PBIT of Natural Gas segment fell 2.87% to Rs
1,337.15 crore (accounting for 24.89% of total PBIT). PBIT of LPG segment rose 46.49% to Rs 58.58
crore (accounting for 1.09% of total PBIT).
PBIT of Pipeline Transportation segment fell 13.38% to Rs -51.59 crore
(accounting for -0.96% of total PBIT).
PBIT of Refinery Products segment fell 24.61% to Rs 16.45 crore
(accounting for 0.31% of total PBIT).
Operating
profit margin has declined from 42.32% to 36.95%, leading to 2.10% decline in
operating profit to Rs 5,677.78 crore.
Raw material cost as a % of total sales (net of stock adjustments)
increased from 13.20% to 20.43%.
Purchase of finished goods cost rose from 2.16% to 2.62%. Employee cost decreased from 8.42% to
7.02%. Other expenses rose from 33.45%
to 34.17%. Selling and administration
expenses fell from 19.73% to 17.69%.
Contract job process charges rose from 4.75% to 5.45%.
Other
income rose 77.54% to Rs 981.88 crore.
PBIDT rose 4.83% to Rs 6659.66 crore.
Provision for interest rose 5.71% to Rs 521.25 crore. Loan funds rose to Rs 27,821.18 crore as of
30 September 2024 from Rs 22,403.83 crore as of 30 September 2023. Inventories declined from Rs 5,448.85 crore
as of 30 September 2023 to Rs 5,393.61 crore as of 30 September 2024. Sundry debtors were lower at Rs 2,969.95
crore as of 30 September 2024 compared to Rs 3,084.09 crore as of 30 September
2023. Cash and bank balance rose to Rs
8,058.35 crore as of 30 September 2024 from Rs 5,083.44 crore as of 30 September
2023. Investments rose to Rs 36,596.92
crore as of 30 September 2024 from Rs 28,933.86 crore as of 30 September 2023
.
PBDT
rose 4.76% to Rs 6138.41 crore.
Provision for depreciation rose 18.88% to Rs 1160.98 crore. Fixed assets increased to Rs 43,531.78 crore
as of 30 September 2024 from Rs 32,922.38 crore as of 30 September 2023. Intangible assets declined from Rs 1,678.14
crore to Rs 544.43 crore.
Profit
before tax grew 1.93% to Rs 4,977.43 crore.
Share of profit/loss was 739.33% higher at Rs 349.75 crore. Provision for tax was expense of Rs 1241.72
crore, compared to Rs 511.47 crore.
Effective tax rate was 23.31% compared to 20.05%.
Minority
interest decreased 4.73% to Rs 183.48 crore.
Net profit attributable to owners of the company increased 111.23% to Rs
3,901.98 crore.
Equity
capital increased from Rs 1,084.41 crore as of 30 September 2023 to Rs 1,626.61
crore as of 30 September 2024. Per share
face Value remained same at Rs 10.00.
Promoters’
stake was 56.66% as of 30 September 2024 ,compared to 56.66% as of 30 September
2023 .
Cash
flow from operating activities increased to Rs 4,868.18 crore for YTD ended
September 2024 from Rs 4,715.63 crore for YTD ended September 2023. Cash flow used in acquiring fixed assets
during the YTD ended September 2024 stood at Rs 4,727.49 crore, compared to Rs
3,906.77 crore during the YTD ended September 2023.
The
scrip is currently trading at Rs 495
|
Oil India : Consolidated Results
|
|
Particulars
|
2409 (03)
|
2309 (03)
|
Var.(%)
|
2409 (06)
|
2309 (06)
|
Var.(%)
|
2403 (12)
|
2303 (12)
|
Var.(%)
|
|
Net Sales (including other operating income)
|
7,247.03
|
7,496.51
|
-3
|
15,367.24
|
13,704.73
|
12
|
32,466.03
|
36,084.42
|
-10
|
|
OPM (%)
|
35.0
|
47.0
|
|
37.0
|
42.3
|
|
38.5
|
42.3
|
|
|
OP
|
2,535.83
|
3,523.19
|
-28
|
5,677.78
|
5,799.71
|
-2
|
12,504.18
|
15,255.11
|
-18
|
|
Other Inc.
|
750.99
|
383.64
|
96
|
981.88
|
553.06
|
78
|
1,342.86
|
732.31
|
83
|
|
PBIDT
|
3,286.82
|
3,906.83
|
-16
|
6,659.66
|
6,352.77
|
5
|
13,847.04
|
15,987.42
|
-13
|
|
Interest
|
279.52
|
278.92
|
0
|
521.25
|
493.1
|
6
|
963.67
|
900.89
|
7
|
|
PBDT
|
3,007.30
|
3,627.91
|
-17
|
6,138.41
|
5,859.67
|
5
|
12,883.37
|
15,086.53
|
-15
|
|
Depreciation
|
607.53
|
499.04
|
22
|
1160.98
|
976.62
|
19
|
2128.98
|
1946.94
|
9
|
|
PBT
|
2,399.77
|
3,128.87
|
-23
|
4977.43
|
4883.05
|
2
|
10754.39
|
13139.59
|
-18
|
|
Share of Profit/(Loss) from Associates
|
225.94
|
-54.06
|
LP
|
349.75
|
41.67
|
739
|
457.08
|
4.29
|
999
|
|
PBT before EO
|
2625.71
|
3074.81
|
-15
|
5327.18
|
4924.72
|
8
|
11211.47
|
13143.88
|
-15
|
|
EO Income
|
0
|
-2366.84
|
-
|
0
|
-2373.4
|
-
|
-2365.56
|
0
|
-
|
|
PBT after EO
|
2625.71
|
707.97
|
271
|
5327.18
|
2551.32
|
109
|
8845.91
|
13143.88
|
-33
|
|
Taxation
|
556.55
|
67.61
|
723
|
1241.72
|
511.47
|
143
|
1865.46
|
3289.49
|
-43
|
|
PAT
|
2069.16
|
640.36
|
223
|
4085.46
|
2039.85
|
100
|
6980.45
|
9854.39
|
-29
|
|
Minority Interest (MI)
|
52.96
|
219.7
|
-76
|
183.48
|
192.59
|
-5
|
645.35
|
1125.8
|
-43
|
|
Net profit
|
2016.2
|
420.66
|
379
|
3901.98
|
1847.26
|
111
|
6335.1
|
8728.59
|
-27
|
|
EPS (Rs)*
|
#
|
#
|
|
#
|
#
|
|
49.1
|
53.7
|
|
|
Notes
|
|
* EPS is on current equity of Rs 1,626.61 crore, Face value of
Rs 10, Excluding extraordinary items.
|
|
# EPS is not annualised
|
|
bps : Basis points
|
|
EO : Extraordinary items
|
|
Figures in Rs crore
|
|
Source: Capitaline Corporate Database
|
|
Oil India : Consolidated Segment
Results
|
|
|
% of (Total)
|
2409 (03)
|
2309 (03)
|
Var.(%)
|
% of (Total)
|
2409 (06)
|
2309 (06)
|
Var.(%)
|
% of (Total)
|
2403 (12)
|
2303 (12)
|
Var.(%)
|
|
Sales
|
|
|
|
|
|
Crude Oil
|
37
|
3,978.79
|
4,372.09
|
-9
|
36
|
8,186.75
|
7,736.81
|
6
|
35
|
16,123.45
|
16,787.79
|
-4
|
|
Natural Gas
|
12
|
1,327.37
|
1,333.01
|
0
|
12
|
2,749.34
|
2,446.13
|
12
|
11
|
5,189.98
|
5,489.87
|
-5
|
|
LPG
|
0
|
43.28
|
37.59
|
15
|
0
|
91.49
|
77.66
|
18
|
0
|
170.4
|
210.14
|
-19
|
|
Pipeline Transportation
|
1
|
136.14
|
137.58
|
-1
|
1
|
261.48
|
229.81
|
14
|
1
|
533.66
|
649.85
|
-18
|
|
Renewable Energy
|
0
|
33.37
|
33.04
|
1
|
0
|
69.56
|
67.63
|
3
|
0
|
112.3
|
121.96
|
-8
|
|
Refinery Products
|
48
|
5,197.35
|
5892.75
|
-12
|
51
|
11663.1
|
8128.79
|
43
|
52
|
23,730.61
|
29785.6
|
-20
|
|
Total Reported Sales
|
100
|
10,716.30
|
11,806.06
|
-9
|
100
|
23,021.72
|
18,686.83
|
23
|
100
|
45,860.40
|
53,045.21
|
-14
|
|
Less: Inter segment revenues
|
|
2,580.40
|
2,989.59
|
-14
|
|
5,534.93
|
3,461.60
|
60
|
|
9,556.78
|
12,019.23
|
-20
|
|
Net Sales
|
|
8,135.90
|
8,816.47
|
-8
|
|
17,486.79
|
15,225.23
|
15
|
|
36,303.62
|
41,025.98
|
-12
|
|
PBIT
|
|
|
|
|
|
Crude Oil
|
63
|
1,466.32
|
1,898.72
|
-23
|
57
|
3,068.40
|
3,427.64
|
-10
|
53
|
6,602.77
|
6,685.03
|
-1
|
|
Natural Gas
|
24
|
571.26
|
757.52
|
-25
|
25
|
1,337.15
|
1,376.73
|
-3
|
22
|
2,790.76
|
2,853.17
|
-2
|
|
LPG
|
1
|
26.68
|
18.56
|
44
|
1
|
58.58
|
39.99
|
46
|
1
|
90.84
|
136.96
|
-34
|
|
Pipeline Transportation
|
-1
|
-27.75
|
-14.41
|
93
|
-1
|
-51.59
|
-45.5
|
13
|
0
|
-52.69
|
40.62
|
PL
|
|
Renewable Energy
|
1
|
12.3
|
10.03
|
23
|
0
|
16.45
|
21.82
|
-25
|
0
|
31.45
|
21.79
|
44
|
|
Refinery Products
|
12
|
283.48
|
989.12
|
-71
|
18
|
944.11
|
815.48
|
16
|
24
|
3,003.80
|
5252.00
|
-43
|
|
Total PBIT
|
100
|
2,332.29
|
3,659.54
|
-36
|
100
|
5,373.10
|
5,636.16
|
-5
|
100
|
12,466.93
|
14,989.57
|
-17
|
|
Less : Interest
|
|
-407.19
|
-59.3
|
587
|
|
-339.27
|
40.15
|
LP
|
|
-165.47
|
331.81
|
LP
|
|
Add: Other un-allcoable
|
|
-113.77
|
-3,010.87
|
-96
|
|
-385.19
|
-3,044.69
|
-87
|
|
-3,786.48
|
-1513.88
|
150
|
|
PBT
|
|
2,625.71
|
707.97
|
271
|
|
5,327.18
|
2,551.32
|
109
|
|
8,845.92
|
13,143.88
|
-33
|
|