PRESS RELEASE

Oil India Board in its 490th Board Meeting held on 28th May, 2018 approved the Q4 & FY 2017-18 results. Details of Q4 & FY 2017-18 results are as follows:

I.

Performance Highlights:

Details

Unit

Q4 2017-18

Q4 2016-17

2017-18

2016-17

A. Financial

Total Income

Rs. Crores

3,784.91

3,308.98

12,140.64

11,191.07

Turnover

Rs. Crores

2,998.44

2,511.89

10,656.47

9,510.39

Net Profit

Rs. Crores

866.50

19.31

2,667.93

1,548.68

Earnings per share

Rs.

7.64

0.16

23.32

13.13

B. Crude Oil Price

Crude Oil RealisationPrice

US$/Barrel

64.93

52.50

55.72

47.36

Rs./Barrel

4,177.98

3,518.03

3,591.57

3,176.44

C. Production

Crude Oil*

MMT

0.832

0.832

3.394

3.277

Natural Gas*

BCM

0.691

0.725

2.894

2.937

Oil + Oil equivalent

MMTOE

1.523

1.557

6.288

6.214

D. Sales

Crude Oil

MMT

0.828

0.802

3.327

3.221

Natural Gas

BCM

0.583

0.591

2.415

2.412

Oil + Oil equivalent

MMTOE

1.411

1.393

5.742

5.633

*includes OIL's production in joint ventures.

II.

Highlights:

  • Impressive growth of 72.27% in PAT during FY 2017-18 at Rs. 2,667.93 crore as compared to PAT of Rs. 1548.68 crore during 2016-17. For Q4 FY 2017-18, PAT stood at Rs. 866.50 crore as against Rs. 19.31 crore for corresponding period last year

  • EBITDA Margin 44.4% in FY 2017-18 as compared to 42.7% in FY 2016-17.

  • Crude Oil production registered a growth of 3.57% in FY 2017-18 to 3.394 MMT as compared to 3.277 MMT during FY2016-17.

  • Crude Oil price realisation increased by US$ 8.36/BBL to US$ 55.72/BBL in FY 2017-18 as compared to US$ 47.36/BBL during FY 2016-17.

  • Natural gas price realisation during FY 2017-18 declined to US$ 2.69/MMBTU from US$ 2.78/MMBTU in FY 2016-17.

  • Company has proposed final dividend of Rs 1 per share for FY 2017-18 on post bonus equity share capital. This is in addition to Interim Dividend of Rs. 14 per share paid earlier on pre-bonus equity share capital.

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Oil India Limited published this content on 28 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 May 2018 13:47:01 UTC