Oil India Ltd (OINL) reported a 14% yoy fall in net sales. Net sales were lower owing to 26.4% decline in net crude oil realizations.
(Rs mn) | Q4 FY12 | Q4 FY11 | % yoy | Q3 FY12 | % qoq |
Net sales | 18,021 | 20,967 | (14.0) | 25,898 | (30.4) |
Material costs | (119) | (449) | (73.6) | (376) | (68.4) |
Personnel costs | (3,577) | (2,342) | 52.7 | (2,611) | 37.0 |
Stautory levies | (5,189) | (6,083) | (14.7) | (7,172) | (27.7) |
Other overheads | (3,490) | (2,721) | 28.3 | (1,457) | 139.5 |
Operating profit | 5,647 | 9,372 | (39.7) | 14,282 | (60.5) |
OPM (%) | 31.3 | 44.7 | (1,336) bps | 55.1 | (2,381) bps |
Depreciation | (2,841) | (3,413) | (16.7) | (2,887) | (1.6) |
Interest | (1) | (112) | (99.0) | (11) | (90.1) |
Other income | 3,389 | 2,521 | 34.4 | 3,756 | (9.8) |
PBT | 6,194 | 8,368 | (26.0) | 15,140 | (59.1) |
Tax | (1,746) | (2,742) | (36.4) | (5,000) | (65.1) |
Effective tax rate (%) | 28.2 | 32.8 | 33.0 | ||
PAT | 4,448 | 5,626 | (20.9) | 10,140 | (56.1) |
PAT margin (%) | 24.7 | 26.8 | (215) bps | 39.2 | (1,447) bps |
Ann. EPS (Rs) | 29.6 | 37.4 | (20.9) | 67.5 | (56.1) |