ONGC
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Crude oil realisation (nominated) in rupee terms decreased 18.8% to Rs 3546 per barrel. In dollar terms ONGC crude oil realisation (nominated) was down 21% to USD 49.01 per barrel in Q4FY'20. Gas price was 3.9% lower in Q4FY20 to $ 3.23 per mmbtu compared to $ 3.36 per mmbtu in Q4FY19
Crude oil production fell 1.4% in Q4FY20 to 5.819 MMT compared to Q4FY19. This includes 4.935 MMT from domestic operations and 0.555 MMT from JVs and 0.329 MMT of condensate. ONGC gas production fell 7.9% to 6.04 BCM in Q4FY'20. This includes 5.862 BCM from domestic operations and 0.178 BCM from JVs.
For year ended Mar20 topline of the company fell 6% to Rs 425001.42 crore compared to corresponding previous year period. Operating margins of the company fell 420 bps to 12.3% leading to 30% fall in operating profits to Rs 52145.31 crore. Other income of the company rose 10% to Rs 8531.55 crore. Interest cost rose 20% to Rs 6999.77 crore. Depreciation (includes Depletion, Amortization and impairment losses) cost increased 12% to Rs 26634.88 crore. PBT before EO fell 49% to Rs 27042.21 crore. The company had EO expense of Rs 9028.48 crore compared to EO expense of Rs 1591.01 crore. Tax expenses fell 56% to Rs 9313.42 crore. Net profit decreased 71% to Rs 8700.31 crore. Further considering prior period items, MI and share of profit of JV or associates net profit fell 64% to Rs 10907.15 crore.