Wednesday 16th October 2019

Oil India Board in its 502th Board Meeting approved the Q4 and FY 2018-19

Jun 7th, 2019 4:23 pm | By | Category: LATEST NEWS

Utpal Bora, Chairman and Managing Director of Oil India Limited (OIL),

Utpal Bora, Chairman and Managing Director of Oil India Limited (OIL),


(THE NEWSMAN OF INDIA)
Oil India Limited (OIL) state-owned Navratna company under the administrative control of India’s Ministry of Petroleum and Natural Gas, it’s the second largest hydrocarbon exploration and production Indian public sector company.

Oil India Board in its 502th Board Meeting held recently approved the Q4 and FY 2018-19
The key highlights of OIL Q4 and FY 2018-19 are as follows:

The company has reported the highest ever Revenue from Operations during FY 2018-19 at Rs. 13,734.96 crore which is 29% higher as compared to Rs. 10,656.47 crore for FY 2017-18.

There is an increase of 28.23% in EBITDA for FY 2018-19 at Rs. 6,918.81 crore as

compared to EBITDA of Rs. 5,395.49 crore for FY 2017-18.

EBITDA for Q4 FY 2018-19 is higher by 20.53% to Rs. 1,912.90 crore as compared to EBITDA of Rs. 1,587.02 crore for Q4 2017-18.

Due to one time actuarial deficit of Rs 1026.79 crore, shown as exceptional item, against EPS95, the PAT for FY2018-19 is Rs. 2,590.14 crore as compared to Rs. 2,667.93 crore for FY 2017-18.

Crude Oil price realisation increased by US$ 12.78/BBL to US$ 68.50 /BBL in FY2018-19 as compared to US$ 55.72/BBL during FY2017-18. Crude oil realisation for Q4 FY 2018-19 is US$ 61.76/BBL as compared to US$ 64.93/BBL during Q4 FY2017-18.

Crude price realisation in INR terms is higher by 33.37% to Rs. 4,789.52/BBL in FY2018-19 as compared to Rs. 3,591.15/BBL FY2017-18.

Board of OIL has declared final dividend of Rs. 1.75 per share for 2018-19 in addition to interim dividend of Rs. 8.50 per share already paid on pre buy back share capital.

Crude Oil production for FY2018-19 is 3.323 MMT which is 2.09% lower than the crude oil production of 3.394 MMT during FY 2017-18 due to environmental reasons.

Natural gas production during FY2018-19 is 2,865 MMSCM, which is marginally lower as compared to 2,894 MMSCM during FY2017-18 due to short upliftment of natural gas by certain consumers.

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