ONGC - FY10 - GOOD - BUT SAME AS FY09

O N G C

FY10 VS FY09

COMPARISON

CONSOLIDATED

RESULTS

Net Sales had decreased YOY by 2.69% to Rs.101760 Crores from Rs.104569 Crores.

Other Operating  Income has however increased YOY by 144.21 percent to Rs.1678 Crores from Rs.687 Crores last year.

Consolidated Net Profit has decreased YOPY by 1.98% to Rs.19404 Crores from Rs.19795 Crores.

Consolidated Basic EPS has come down to Rs.90.72 on a face value of Rs.10/- from Rs.92.35 YOY.

Overall, the results show no improvement over last year.

ONGC-CONSOL	FY10(lakhs)	FY 09(lakhs)	Diff%age
Net Sales	10176045	10456943	-2.69
Other Oprtg Income	167840	68728	144.21
S I T & W I P	-37288	34440	-208.27
Raw Materials	2570809	2863020	-10.21
Traded goods	379	3	12533.33
Employees Cost	140707	116193	21.1
Depreciation	1873913	1557048	20.35
Other Expenditure	3057507	3256628	-6.11
Total Expenditure	7606027	7827332	-2.83
Profit-Operations	2737858	2698339	1.46
Other Income	361919	435889	-16.97
Interest	55641	23855	133.25
Exceptional items	-	-
Tax Expense	1071379	1098699	-2.49
Extraordinary Items	-	-4341
Net Profit	1972757	2016015	-2.15
Minority Interest	33185	37469	-11.43
Shares of Associates	-781	-988	-20.95
Other Related Items	-	-
Consolid.Net Profit	1940353	1979534	-1.98
Dividend (%)	-	-
Face Value (in Rs.)	10	10	0
Paid-up Equity	213889	213887	0
Reserves	9842643	8943399	10.05
Basic EPS(Rs.)	90.72	92.35	-1.77
Public holding (%)	25.86	25.86	0

STAND ALONE

RESULTS

Net Sales  on stand alone basis has decreased by 5.68 percent to Rs.59988 Crores from Rs.63600 Crores YOY.

Total Expenditure      has decreased more than proportionately to Rs.39150 Crores from Rs.44735 Crores, by 12.49 percent YOY.

Net Profit has therefore increased by 3.98 percent to Rs.16768 Crores from Rs.16126 Crores.

Basic EPS has therefore increased to Rs.78.39        from Rs.75.19.

Dividend  has been hiked to 330% from last year’s 320%.       

O N G C  NON CONSOLID.	FY10(lakhs)	FY09(lakhs)	Difee%Age
Net Sales	5998761	6359983	-5.68
Other Oprtg Income	199491	41799	377.26
S I T & W I P	-11804	-8110	45.55
Raw Materials	57031	76815	-25.76
Traded goods	1393	851660	-99.84
Employees Cost	110668	88679	24.8
Depreciation	1465879	1208492	21.3
Other Expenditure	2291828	2256001	1.59
Total Expenditure	3914995	4473537	-12.49
OPRTNAL Profit	2283257	1928245	18.41
Other Income	221992	475147	-53.28
Interest	6865	11896	-42.29
Exceptional items	-	-
Tax Expense	821629	783206	4.91
Extraordinary Items	-	-4341
Net Profit	1676755	1612631	3.98
Dividend (%)	330	320	3.13
Face Value (in Rs.)	10	10	0
Paid-up Equity	213889	213887	0
Reserves	8430240	7594592	11
Basic EPS(Rs.)	78.39	75.19	4.26

QUARTERLY

RESULTS

Quarterly Results also reflect similar performance in all quarters. EPS is maintained  in all quarters of current year compared to Q4 of last year.EPS in Q4 has gone up by 23.7% compared to Q3 and by 71.12% compared to Q4 of last year. This seems to have pushed up the stand alone performance for current year.

ONGC QTRLY	Mar-10	Dec-09	Diff%	Sep-09	Jun-09	Mar-09	Diff%2
Net Sales	1471326	1531449	-3.93	1508059	1487927	1370380	7.37
Total Expd	1103234	1084725	1.71	871315	855721	1216847	-9.34
Net Profit	377641	305358	23.7	508964	484792	220676	71.13
Divd (%)	150	-		-	-	140	7.14
F.V.In Rs	10	10	0	10	10	10	0
PdUpEquity	213889	213887	0	213887	213887	213887	0
Basic EPS	17.66	14.28	23.7	23.8	22.67	10.32	71.12

ANNOUNCEMENTS

TO THE EXCHANGE

28-05-2010        Oil & Natural Gas Corpn Limited has informed the Exchange that the Board of Directors of the Company, at their meeting held on May 28, 2010, recommended Final Dividend @ Rs.15 per share, for the financial year 2009-10, subject to approval of the shareholders at the ensuing Annual General Meeting. -

28-05-2010        Oil & Natural Gas Corpn Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 10176045 lacs for year ending on 31-MAR-2010 against Rs. 10456943 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 1940353 lacs for the year ending on 31-MAR-2010 against Rs. 1979534 lacs for the year ending on 31-MAR-2009.   -

28-05-2010        Oil & Natural Gas Corpn Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 5998761 lacs for year ending on 31-MAR-2010 against Rs. 6359983 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 1676755 lacs for the year ending on 31-MAR-2010 against Rs. 1612631 lacs for the year ending on 31-MAR-2009.   -

28-05-2010        Oil & Natural Gas Corpn Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 1471326 lacs for quarter ending on 31-MAR-2010 against Rs. 1370380 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 377641 lacs for the quarter ending on 31-MAR-2010 against Rs. 220676 lacs for the quarter ending on 31-MAR-2009.        

26-04-2010        Oil & Natural Gas Corpn Limited has informed the Exchange regarding a press release dated April 26, 2010, titled "ONGC achieves highest Reserve Accretion in last two decades". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

11-02-2010        Oil & Natural Gas Corpn Ltd has informed the Exchange regarding a press release dated February 11, 2010, titled " International consortium of ONGC Videsh, Indian Oil Corporation Limited, Oil India Limited, Spanish Repsol YPF, Malaysian Petronas, to acquire 40% in a 'Mixed Company' to develop a multi billion integrated oil project in Venezuela". A copy of the press release shall be available on the NSE website http://www.nseindia.com) under: Corporates > Latest announcements and on the Extranet Server (/Common/Corporate Announcements).