OIL INDIA LTD. Announces Quarterly Results (3QFY19); Net Profit Up 74.9%

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OIL INDIA LTD. Announces Quarterly Results (3QFY19); Net Profit Up 74.9%
Fri, 22 Feb

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

OIL INDIA LTD. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m28,52637,43635,140-6.1%23.2%
Other incomeRs m2,1282,8786,012108.9%182.6%
TurnoverRs m30,65340,31441,1532.1%34.3%
ExpensesRs m16,28122,69019,926-12.2%22.4%
Gross profitRs m12,24514,74615,2153.2%24.3%
DepreciationRs m3,5613,6563,6941.0%3.7%
InterestRs m1,0231,2571,216-3.2%18.8%
Profit before taxRs m9,78812,71216,31728.4%66.7%
TaxRs m2,7364,0923,983-2.7%45.6%
Profit after taxRs m7,0528,62012,33543.1%74.9%
Gross profit margin%42.939.443.3
Effective tax rate%28.032.224.4
Net profit margin%23.021.430.0
* 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 23.2% on a year-on-year (YoY) basis. The expenses were up by 22.4% YoY during the same period.
  • The company's operating profit increased by 24.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 43.3% in 3QFY19.
  • Depreciation charges increased by 3.7% and finance costs increased by 18.8% YoY, respectively.
  • Other income increased by 182.6% YoY during the quarter.
  • Net profit for the quarter increased by 74.9% YoY. Net profit margins during the quarter increased from 23.0% in 3QFY18 to 30.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.2% QoQ during the same period.
  • The company's operating profit increased by 3.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 43.3% in 3QFY19 as against 39.4% in 2QFY18.
  • Net profit for the quarter increased by 43.1% QoQ, while net profit margins increased from 21.4% in 2QFY18 to 30.0% in 3QFY19.

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 223.8 to Rs 177.0, registering a Loss of Rs 46.8 or around 20.9%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,667.1 (up 1.2%). Over the last one year it has moved down from 15,231.3 to 13,667.1, a gain of 1,564 points (down 10.3%).

Overall, the S&P BSE SENSEX is up 6.0% over the year.

Current Valuations

At the current price of Rs 177.0, the price to earnings (P/E) ratio of OIL INDIA LTD. stands at 3.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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