Oil & Natural Gas Corporation Limited
NSE Symbol ONGC
ONGC has declared good results for FY 11 (Consolidated).
Net Sales from Operations for FY 11 is Rs.117610.59 Cr – up by 15.58% from FY 10 and up by 12.47% from FY 09.
Total Expenditure is Rs.89802.67 Cr – up by 18.07% from FY 10; and up by 14.73% from FY 09.
Profit from Operations for FY 11 is Rs.32126.62 Cr – up by 17.34% from FY 10 and up by 19.06% from FY 09.
Profit(before tax) for FY 11 is Rs.34316.31 cr - up by 12.73% from FY 10 and up by 10.33% from FY 09.
Net Profit for FY 11 is – Rs.22824.97 Cr – up by 15.70% from FY 10; and up by 13.22% from FY 09.
Consolidated Net Profit for FY 11 is – Rs.22455.93 Cr – up by 15.73% from FY 10; and up by 13.44% from FY 09.
Face Value of the ONGC has been reduced to Rs.5 from Rs.10 in FY 11.
But, Paid-up Equity has gone up to Rs.4277.76 cr from Rs.2138.89 Cr (doubled).
Basic EPS has therefore gone up on the reduced face value and doubled EPS to Rs.26.25 from the earlier Rs.90.72 in FY 10; and Rs.92.35 in FY 09.
Thus, overall, the results of the PSU are good and its profitability has been improving reasonably.
ANNUAL (CONSOLIDATED) RESULTS TABLE :
FY 11 CS | |||
Net Sales from Operations | 11,761,059.00 | 10,176,045.00 | 10,456,943.00 |
Other Operating Income | 431,870.00 | 167,840.00 | 68,728.00 |
Increase in SIT / WIP | -89,169.00 | -37,288.00 | 34,440.00 |
Raw Materials | 3,214,309.00 | 2,570,809.00 | 2,863,020.00 |
Traded goods | 6 | 379 | 3 |
Employees Cost | 171,555.00 | 140,707.00 | 116,193.00 |
Depreciation | 2,062,842.00 | 1,873,913.00 | 1,557,048.00 |
Other Expenditure | 3,620,724.00 | 3,057,507.00 | 3,256,628.00 |
Total Expenditure | 8,980,267.00 | 7,606,027.00 | 7,827,332.00 |
Profit from Operations | 3,212,662.00 | 2,737,858.00 | 2,698,339.00 |
Other Income | 262,713.00 | 361,919.00 | 435,889.00 |
Interest | 43,744.00 | 55,641.00 | 23,855.00 |
Profit(before tax) | 3,431,631.00 | 3,044,136.00 | 3,110,373.00 |
Tax Expense | 1,149,134.00 | 1,071,379.00 | 1,098,699.00 |
Net Profit | 2,282,497.00 | 1,972,757.00 | 2,016,015.00 |
Minority Interest | 37,204.00 | 33,185.00 | 37,469.00 |
Shares of Associates | -300 | -781 | -988 |
Consolidated Net Profit | 2,245,593.00 | 1,940,353.00 | 1,979,534.00 |
Face Value (in Rs.) | 5 | 10 | 10 |
Paid-up Equity | 427,776.00 | 213,889.00 | 213,887.00 |
Reserves | 11,025,342.00 | 9,842,643.00 | 8,943,399.00 |
Basic EPS | 26.25 | 90.72 | 92.35 |
Public Shareholding (%) | 25.86 | 25.86 | 25.86 |
ANNOUNCEMENTS TO NSE
30-05-2011 Oil & Natural Gas Corporation recommended Final Dividend @ Rs. 0.75 per each equity share, for the financial year 2010-11, subject to approval of the shareholders at the ensuing Annual General Meeting.
30-05-2011 Oil & Natural Gas Corporation consolidated Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 11761059 lacs for year ending on 31-MAR-2011 against Rs. 10176045 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 2245593 lacs for the year ending on 31-MAR-2011 against Rs. 1940353 lacs for the year ending on 31-MAR-2010.
30-05-2011 Oil & Natural Gas Corporation standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 6584179 lacs for year ending on 31-MAR-2011 against Rs. 5998761 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 1892400 lacs for the year ending on 31-MAR-2011 against Rs. 1676755 lacs for the year ending on 31-MAR-2010. -
25-05-2011 press release dated May 20, 2011, titled "Highest ever Production achieved by OVL during 2010-11 - up 7%".
29-04-2011 press release dated April 27, 2011, titled "ONGC notifies two more discoveries; concludes FY-11 with an impressive note of Reserve Accretion and Production".
28-02-2011 a press release titled "I. ONGC in its 215th Board Meeting held on February 25, 2011 approved the ONGC Group Consolidated Financial Performance II. ONGC notifies three discoveries: one each in Cambay Basin and Krishna Godavari Onland Basin and one new pool discovery in KG shallow offshore basin".
19-02-2011 "Announcement of updated management estimates of Oil and Gas Reserves".
21-01-2011 "It is observed that the leakage of oil has stopped. Coast Guard had assessed the situation of oil spill and feeling that matter is under control, decided to withdraw the Regional Contingency Plan. It has been estimated that oil spill will be dispersed within 48 hours. Surveillance and monitoring of operations will continue jointly by ONGC and Coast Guard. Oil production has resumed from Mumbai High through ICP-Heera Uran Trunk (HUT) pipeline".
21-01-2011 press release dated January 21, 2011 with regard to leakage detected at ONGC's Mumbai Uran Trunk oil pipeline.
28-12-2010 (1) Ordinary Resolution for Sub-division of each equity share of Rs.10 each in two equity shares of Rs.5 each; (2) Ordinary Resolution for amendment of Clause V of the Memorandum of Association for sub-division of each equity share of Rs.10 each in two equity shares of Rs.5 each; (3) Special Resolution under Section 31 of the Companies Act, 1956 for amendment of Article 5 of the Articles of Association for sub-division of each equity share of Rs.10 each in two equity shares of Rs.5 each; (4) Ordinary Resolution for issuance of Bonus shares by capitalization of the reserves.
23-12-2010 press release dated December 22, 2010, titled "Government of Brazil Approves Farming Out in the Block BM-S-73".
22-12-2010 "ONGC ANNOUNCES FRAMEWORK AGREEMENT WITH SISTEMA".
16-12-2010 Oil & Natural Gas Corporation Limited have : (1) Approved a Special Interim dividend of Rs. 32 (Rupees Thirty two) per share of Rs. 10/- each fully paid up for the Financial Year 2010-11. The Record Date for the same has already been fixed on December 21, 2010 and payment of the Special Interim Dividend shall start from December 22, 2010 onwards to the shareholders; (2) Recommended for approval of the shareholders for sub division of each Equity share of Rs. 10/- each fully paid up into two equity shares of Rs. 5/- each fully paid up; (3) Recommended for approval of the shareholders for issuance of Bonus shares in the proportion of one new equity bonus share of Rs.5/- each for every one existing equity share of Rs.5/- each fully paid up by capitaIisation of reserves; (4) Approved for seeking the consent of the shareholders to the proposal at (2) and (3) above through Postal Ballot in terms of Section 192A of the Companies Act, 1956 and the Rules framed thereunder.
15-11-2010 press release, titled "OVL Board adopts the Half Yearly results (H1 2010-11) - Onetime extra-ordinary provisionings drags down PAT, despite higher Production and Revenue".
04-11-2010 "ONGC climbs to the highest ever Global Ranking".
28-10-2010 press release dated October 28, 2010, titled " I. ONGC Q2 FY'11 net up by 5.9% despite higher under-recovery discount. II. ONGC notifies one more oil discovery in Cambay Basin, Western Onshore - on 28th October 2010.."
18-10-2010 "ONGC Notified Two More Discoveries - (1) Exploratory Well North Kovilkallappal-1, Cauvery Basin - Onland (2) Well GS-KV-1, KG Basin- Shallow Offshore".
24-09-2010 "ONGC AGM approves aggregate dividend of Rs.33 per share for FY'10; ONGC announces highest-ever dividend payout".
23-09-2010 press release dated September 22, 2010, titled "(1) New Prospect Discoveries: Two exploration discoveries have been notified to Directorate General of Hydrocarbons (DGH) on September 21, 2010. Both the discoveries are in nominated PEL Blocks. (2) ONGC begins Shale Gas exploration: First Shale Gas well RNSG-1 in Ichapur village near Durgapur in Burdwan District of West Bengal spudded on September 21, 2010".
20-09-2010 "ONGC releases 'Assured' Sustainability Report for FY'10".
27-08-2010 "(I) New Prospect Discovery -Exploratory Well Vadatal-1 in Western Onshore Basin, NELP- VI Block producing 278bbls of oil per day; (II) Board approves investment of Rs.372.11 Crore for development of BHE and BH-35 Area in Western Offshore."
31-07-2010 "(1) ONGC Q1FY'11 net down by 24.5%, due to excessive subsidy discounts. (2) Five new discoveries in Q1FY'11, two more in July'10. (3) Board approves new 102MW wind power investment in Rajasthan for Rs 650 crore. (3) MRPL Investment for Single Point Mooring off Mangalore coast also approved for Rs.1,044 crore".
28-05-2010 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 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.
26-04-2010 press release dated April 26, 2010, titled "ONGC achieves highest Reserve Accretion in last two decades".
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