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OIL INDIA LTD. Announces Quarterly Results (2QFY19); Net Profit Up 33.4%

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OIL INDIA LTD. Announces Quarterly Results (2QFY19); Net Profit Up 33.4%
Wed, 14 Nov

OIL INDIA LTD. has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

OIL INDIA LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m24,73733,90537,43610.4%51.3%
Other incomeRs m3,3101,2682,878127.0%-13.0%
TurnoverRs m28,04735,17240,31414.6%43.7%
ExpensesRs m14,61619,82122,69014.5%55.2%
Gross profitRs m10,12214,08414,7464.7%45.7%
DepreciationRs m3,2383,3723,6568.4%12.9%
InterestRs m1,0581,1241,25711.8%18.8%
Profit before taxRs m9,13610,85512,71217.1%39.1%
TaxRs m2,6763,8234,0927.0%52.9%
Profit after taxRs m6,4607,0328,62022.6%33.4%
Gross profit margin%40.941.539.4
Effective tax rate%29.335.232.2
Net profit margin%23.020.021.4
* 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 grew 51.3% on a year-on-year (YoY) basis. The expenses were up by 55.2% YoY during the same period.
  • The company's operating profit increased by 45.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 39.4% in 2QFY19 as against 40.9% in 2QFY18.
  • Depreciation charges increased by 12.9% and finance costs increased by 18.8% YoY, respectively.
  • Other income declined by 13.0% YoY during the quarter.
  • Net profit for the quarter increased by 33.4% YoY. Net profit margins during the quarter declined from 23.0% in 2QFY18 to 21.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.5% QoQ during the same period.
  • The company's operating profit declined by 4.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 39.4% in 2QFY19 as against 41.5% in 1QFY18.
  • Net profit for the quarter increased by 22.6% QoQ, while net profit margins increased from 20.0% in 1QFY18 to 21.4% in 2QFY19.

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

OIL INDIA LTD. Share Price Performance

Over the last one year, OIL INDIA LTD. share price has moved up from Rs 350.9 to Rs 203.6, registering a Loss of Rs 147.4 or around 42.0%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,854.6 (up 2.2%). Over the last one year it has moved down from 15,669.8 to 13,854.6, a gain of 1,815 points (down 11.6%).

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 203.6, the price to earnings (P/E) ratio of OIL INDIA LTD. stands at 5.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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OIL INDIA LTD. Announces Quarterly Results (1QFY19); Net Profit Up 56.2% (Quarterly Result Update)

Aug 16, 2018 | Updated on Aug 16, 2018

For the quarter ended June 2018, OIL INDIA LTD. has posted a net profit of Rs 7 bn (up 56.2% YoY). Sales on the other hand came in at Rs 34 bn (up 45.4% YoY). Read on for a complete analysis of OIL INDIA LTD.'s quarterly results.

OIL INDIA LTD. Announces Quarterly Results (4QFY18); Net Profit Down 26.0% (Quarterly Result Update)

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For the quarter ended March 2018, OIL INDIA LTD. has posted a net profit of Rs 9 bn (down 26.0% YoY). Sales on the other hand came in at Rs 30 bn (up 19.4% YoY). Read on for a complete analysis of OIL INDIA LTD.'s quarterly results.

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