(Rs m) | 2QFY04 | 2QFY05 | Change | 1HFY04 | 1HFY05 | Change |
Net sales | 86,616 | 118,162 | 36.4% | 165,285 | 221,105 | 33.8% |
Expenditure | 36,447 | 54,575 | 49.7% | 68,870 | 105,990 | 53.9% |
Operating profit (EBDITA) | 50,169 | 63,587 | 26.7% | 96,415 | 115,115 | 19.4% |
EBDITA margin (%) | 57.9% | 53.8% | 58.3% | 52.1% | ||
Other income | 4,639 | 4,731 | 2.0% | 7,400 | 7,751 | 4.7% |
Interest | 101 | 23 | -77.4% | 142 | 105 | -26.4% |
Depreciation | 12,980 | 15,335 | 18.1% | 25,633 | 31,569 | 23.2% |
Profit before tax | 41,727 | 52,961 | 26.9% | 78,040 | 91,192 | 16.9% |
Tax | 13,477 | 19,122 | 41.9% | 28,445 | 34,271 | 20.5% |
Profit after tax/(loss) | 28,250 | 33,839 | 19.8% | 49,595 | 56,921 | 14.8% |
Net profit margin (%) | 32.6% | 28.6% | 30.0% | 25.7% | ||
No. of shares (m) | 1,425.9 | 1,425.9 | 1,425.9 | 1,425.9 | ||
Diluted earnings per share (Rs)* | 79.2 | 94.9 | 69.6 | 79.8 | ||
Price to earnings ratio (x) | 8.4 | 10.0 | ||||
(* annualised) |
2QFY04 | 2QFY05 | 1HFY04 | 1HFY05 | |
Purchases | 0.0% | 9.9% | 0.0% | 11.3% |
Consumption of Raw materials | 0.5% | 0.3% | 0.6% | 0.2% |
Staff expenditure | 3.2% | 2.4% | 3.0% | 2.7% |
Statutory levies | 24.6% | 21.6% | 25.4% | 22.0% |
Other expenditure | 13.7% | 12.0% | 15.7% | 11.7% |
Operating margins: The operating margins have actually declined by over 400 basis points during 2QFY05 as compared to the corresponding period last fiscal. This could be attributed to the under-recoveries on LPG and kerosene, while at the same time, high drilling activity (encouraged by high crude oil prices) resulted in higher expenditure.
Net profit: The bottomline growth of 20% during 2QFY05 is largely a trickle down impact of a strong topline on the back of high product prices. Also the company was able to reduce its interest obligations by a sharp 77%.
Quarterly trend | 3QFY04 | 4QFY04 | 1QFY05 | 2QFY04 |
Sales | 72,277 | 83,077 | 102,943 | 118,162 |
(%) YoY growth | 14.9% | 23.9% | 14.8% | |
Op. profits | 37,739 | 42,474 | 51,527 | 63,587 |
(%) YoY growth | 12.5% | 21.3% | 23.4% | |
Net profits | 17,185 | 19,864 | 23,082 | 33,839 |
(%) YoY growth | 15.6% | 16.2% | 46.6% |
Over the last four quarters: The last four quarters have seen a consistent rise in the topline, while the bottomline has also shown a similar trend. This can be attributed to the fact that crude prices have witnessed a rise during the same period in the international markets and ONGC has been a beneficiary of the same. But for the subsidy sharing arrangement, the numbers would have been more impressive.
Here's an analysis of the annual report of ONGC for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of ONGC. Also includes updates on the valuation of ONGC.
For the quarter ended December 2019, ONGC has posted a net profit of Rs 42 bn (down 49.8% YoY). Sales on the other hand came in at Rs 237 bn (down 14.4% YoY). Read on for a complete analysis of ONGC's quarterly results.
For the quarter ended June 2019, ONGC has posted a net profit of Rs 59 bn (down 3.9% YoY). Sales on the other hand came in at Rs 266 bn (down 2.4% YoY). Read on for a complete analysis of ONGC's quarterly results.
Here's an analysis of the annual report of ONGC for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of ONGC. Also includes updates on the valuation of ONGC.
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