ONGC: Windfall gains - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ONGC: Windfall gains

Feb 1, 2003

Oil and gas major, Oil and Natural Gas Corporation Ltd. (ONGC), has reaped a windfall this quarter and reported excellent numbers. The topline growth was nearly 35% during the period and was similar on a cumulative basis for three quarters in FY03. This growth has largely accrued by higher invoicing done by the company during the quarter at US$ 22 per barrel (an increase of around 38%) and marginally higher volumes produced. The company sold higher quantities of crude, feedstock, natural gas/naphtha and LPG.

(Rs m) 3QFY02 3QFY03 Change 9mFY02 9mFY03 Change
Net Sales 56,406 76,050 34.8% 167,686 222,093 32.4%
Other Income 2,663 4,057 52.4% 9,586 15,912 66.0%
Expenditure 25,867 32,675 26.3% 78,485 103,945 32.4%
Operating Profit (EBDIT) 30,539 43,375 42.0% 89,202 118,149 32.5%
Operating Profit Margin (%) 54.1% 57.0% 2.9% 53.2% 53.2%  
Interest 549 57 -89.6% 1,783 977 -45.2%
Depreciation 10,056 9,098 -9.5% 25,878 28,417 9.8%
Profit before Tax 22,597 38,278 69.4% 71,127 104,667 47.2%
Tax 8,500 12,343 45.2% 25,600 36,158 41.2%
Profit after Tax/(Loss) 14,097 25,935 84.0% 45,527 68,509 50.5%
Net profit margin (%) 25.0% 34.1%   27.1% 30.8%  
No. of Shares 1,425.9 1,425.9   1,425.9 1,425.9  
Diluted Earnings per share (Rs)* 39.5 72.8   42.6 64.1  
P/E Ratio (x)         5.8  
*(annualised)            

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

ONGC SHARE PRICE


Sep 18, 2020 (Close)

TRACK ONGC

ONGC - IOC COMPARISON

COMPARE ONGC WITH

MARKET STATS