OIL INDIA Announces Quarterly Results (1QFY20); Net Profit Down 11.2%

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OIL INDIA Announces Quarterly Results (1QFY20); Net Profit Down 11.2%
Tue, 13 Aug

OIL INDIA has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

OIL INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m33,90530,86933,7349.3%-0.5%
Other incomeRs m1,2684,1921,227-70.7%-3.2%
TurnoverRs m35,17235,06134,961-0.3%-0.6%
ExpensesRs m19,82120,07620,2020.6%1.9%
Gross profitRs m14,08452513,5322478.4%-3.9%
DepreciationRs m3,3724,2413,994-5.8%18.4%
InterestRs m1,1241,1981,2353.1%9.8%
Profit before taxRs m10,855-7229,530-12.2%
TaxRs m3,8231,3633,282140.8%-14.1%
Profit after taxRs m7,032-2,0856,248-11.2%
Gross profit margin%41.51.740.1
Effective tax rate%35.2-188.834.4
Net profit margin%20.0-5.917.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 0.5% on a year-on-year (YoY) basis. The expenses were up by 1.9% YoY during the same period.
  • The company's operating profit declined by 3.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 40.1% in 1QFY20 as against 41.5% in 1QFY19.
  • Depreciation charges increased by 18.4% and finance costs increased by 9.8% YoY, respectively.
  • Other income declined by 3.2% YoY during the quarter.
  • Net profit for the quarter declined by 11.2% YoY. Net profit margins during the quarter declined from 20.0% in 1QFY19 to 17.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit increased by 2478.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 40.1% in 1QFY20 as against 1.7% in 4QFY19.
  • Net profit for the quarter increased by 399.6% QoQ, while net profit margins increased from -5.9% in 4QFY19 to 17.9% in 1QFY20.

To see how OIL INDIA has performed over the last eight quarters,please visit here.

OIL INDIA Share Price Performance

Over the last one year,OIL INDIA share price has moved down from Rs 211.6 to Rs 153.0, registering a Loss of Rs 58.6 or around 27.7%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,238.1 (up 2.8%). Over the last one year it has moved down from 14,804.7 to 13,238.1, a gain of 1,567 points (down 10.6%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 153.0, the price to earnings (P/E) ratio of OIL INDIA stands at 4.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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