Oil India Limited Q1 FY 2021-22 Profit After Tax at Rs 507.94 Crore
New Delhi, 12th August 2021: Oil India Board in its 524th Board Meeting held on 12th August, 2021 approved the Q1 FY 2021-22 results. Details of Q1 FY 2021-22 results and highlights are as follows:
- Performance:
| Details | Unit | Q1 2021-22 |
Q1 2020-21 |
|
| A. Financial | ||||
| Total Income | ₹ Crore | 3,070.78 | 1,874.48 | |
| Turnover | ₹ Crore | 3,006.99 | 1,743.92 | |
| Net Profit | ₹ Crore | 507.94 | (248.61) | |
| Earnings per share | ₹ | 4.68 | (2.29) | |
| EBITDA | ₹ Crore | 1,296.92 | 327.76 | |
| EBITDA Margin | %age | 42.23% | 17.49% | |
| B. Crude oil Price | ||||
| Crude Oil Price Realization | USD/Barrel | 67.15 | 30.43 | |
| ₹/Barrel | 4,954 | 2,309 | ||
| C. Production | ||||
| Crude oil* | MMT | 0.748 | 0.752 | |
| Natural Gas* | BCM | 0.711 | 0.682 | |
| Oil + Oil equivalent | MMTOE | 1.459 | 1.434 | |
| D. Sales | ||||
| Crude oil | MMT | 0.722 | 0.733 | |
| Natural Gas | BCM | 0.608 | 0.576 | |
| Oil + Oil equivalent | MMTOE | 1.330 | 1.309 | |
*includes OIL’s production in joint ventures.
- Highlights:
- The Group Turnover and PAT of Oil India Limited for the Q1 2021-22 have increased to ₹6,205 crore and ₹1,215 Crore, respectively.
- The Company’s Profit After Tax (PAT) in Q1 2021-22 has increased by ₹756 Crore from loss of ₹ 248.61 crore in Q1 2020-21 to Profit of ₹ 507.94 crore in Q1 2021-22. EBITDA during similar period also increased by 295% to ₹ 1,296.92 crore due to better oil price realization.
- EPS has increased to ₹4.68 per share in Q1 2021-22 as compared to negative ₹2.29 in Q1 2020-21.
- Crude Oil price realization for Q1 2021–22 was US$ 67.15/bbl vis-à-vis US$ 30.43/bbl for Q1 2020-21. However, there was a reduction in Natural Gas price during Q1 2021-22 by US$ 0.60/MMBTU to US$ 1.79/MMBTU.
- The Crude Oil and Natural Gas production in Q1 2021–22 improved sequentially by 4.32% and 9.55%, respectively.
- The company has joined hands in the country’s fight against Covid-19 Pandemic. The company is supporting the cause by providing PSA Oxygen Plants, Oxygen Concentrators, and Cylinders to various states. Additionally, the company has created 100 bed covid care centre and is undertaking wide spread vaccination campaign in its operational areas covering all stakeholders.
- To encourage excellence in sports, the company has decided to honour Ms. Lovlina Borgohain and Ms. Saikhom Mirabai Chanu with cash award of ₹25 Lakhs each for their outstanding performance in individual events at Tokyo Olympics.
