New Delhi, Feb 13: Oil India Limited Board in its 540th Board Meeting held on 10th February’2023 approved the Q3 FY 2022-23 results.
Details of Q3 FY 2022-23 results are as follows:
- Highlights:
- Highest ever profit after tax in Q3 FY-23 on strength of better pricing and higher output of Crude Oil and Natural Gas.
- Profit after tax for Q3 FY-23 is ₹1,746.10 crore vis-à-vis ₹1,244.90 crore for Q3 FY-22. For the nine months ended 31st December 2022, profit after tax recorded growth of over 120% to ₹5,022.12 crore vis-à-vis ₹2,257.30 crore for similar period last year.
- The turnover has increased by 27.13% during Q3 FY-23 over the turnover of Q3 FY-22. For the nine months ended 31st December 2022 turnover has increased by 63.10 % over the turnover for the nine months ended 31st December 2021.
- The Earnings Per Share (EPS) for Q3 FY-23 also increased to ₹10/share from ₹11.48/share for Q3 FY-22. For the nine months ended 31st December 2022, EPS increased to ₹46.31/share from ₹20.82/share in similar period last year.
- Growth in Crude Oil production by 7.03 % to 0.807 MMT vis-à-vis 0.754 MMT for Q3 FY-22. Crude Oil production for the nine months ended 31st December 2022 is 2.376 MMT vis-à-vis 2.262 MMT for the period ended 31st December 2021, increased by 5.04%.
- Natural Gas production for Q3 FY-23 also grew by 1.64% to 806 MMSCM vis-à-vis 793 MMSCM for Q3 last year. Natural Gas production for the nine months ended 31st December 2022 is 2400 MMSCM vis-à-vis 2311 MMSCM for the nine months ended 31st December 2021, increased by 3.85%.
- Board of OIL has declared an 2nd interim dividend of ₹ 10 per share (Face Value ₹ 10). This is in addition to the 1st interim dividend of ₹50 per share (Face Value ₹ 10) declared earlier. The total interim dividend paid during the year is ₹ 14.50 per share (Face Value ₹ 10).
- OIL’s group turnover for the nine months ended 31st December 2022 has recorded a rise of 50.14% to ₹32,821.47 crore vis-à-vis turnover of ₹21,859.27 crore for the nine months ended 31st December 2021.
- OIL’s Group PAT for the nine months ended 31st December 2022 is ₹7,874.65 crore vis-à-vis ₹4,191.89 crore for the nine months ended 31st December, 2021, an increase of 87.85%.
- Performance:
| Details | Unit | Q3 2022-23 |
Q3 2021-22 |
Nine Months 2022-23 | Nine Months 2021-22 | ||
| A. Financial | |||||||
| Total Income | Rs. Crores | 5,981.63 | 4,705.20 | 18,682.30 | 11,454.74 | ||
| Turnover | Rs. Crores | 5,879.41 | 3,736.70 | 17,622.92 | 10,051.57 | ||
| Net Profit | Rs. Crores | 1,746.10 | 1,244.90 | 5,022.12 | 2,257.30 | ||
| Earnings per share | Rs. | 16.10 | 11.48 | 46.31 | 20.82 | ||
| EBITDA | Rs. Crores | 2,957.47 | 2,235.72 | 8,399.17 | 4,813.63 | ||
| EBITDA Margin | %age | 49.44% | 47.52% | 44.96% | 42.02% | ||
| B.Crude Oil Price | |||||||
| Crude Oil Price Realization | USD/Barrel | 88.33 | 78.59 | 100.27 | 72.41 | ||
| C. Production | |||||||
| Crude Oil * | MMT | 0.807 | 0.754 | 2.376 | 2.262 | ||
| Natural Gas* | BCM | 0.806 | 0.793 | 2.400 | 2.311 | ||
| Oil + Oil equivalent | MMTOE | 1.613 | 1.547 | 4.776 | 4.573 | ||
| D. Sales | |||||||
| Crude Oil | MMT | 0.772 | 0.727 | 2.312 | 2.187 | ||
| Natural Gas | BCM | 0.610 | 0.588 | 1.808 | 1.756 | ||
| Sale of Purchased Natural Gas | BCM | 0.032 | 0.045 | 0.082 | 0.158 | ||
| Oil + Oil equivalent | MMTOE | 1.414 | 1.359 | 4.202 | 4.101 | ||
| *includes OIL’s production in joint ventures. | |||||||
