The Oil India Board holds its 495th board meeting on November 12 in Noida. The Board meeting approved the Q2 and H1 FY 2018-19 results. Here is a glimpse of the Q2 and H1 FY 2018-19 results:
| Details | Unit | Q2 2018-19 | Q2 2017-18 | H1 2018-19 | H1 2017-18 | |
| A. Financial | ||||||
| Total Income | Rs. Crores | 4031.41 | 2804.73 | 7548.64 | 5290.43 | |
| Turnover | Rs. Crores | 3743.58 | 2473.74 | 7134.04 | 4805.48 | |
| Net Profit | Rs. Crores | 862.01 | 645.97 | 1565.23 | 1096.21 | |
| Earnings per share | Rs. | 7.59 | 5.69 | 13.79 | 9.50 | |
| B. Crude oil Price | ||||||
| Crude Oil Price Realization | USD/Barrel | 73.42 | 50.10 | 72.75 | 49.26 | |
| Rs/Barrel | 5150.41 | 3220.93 | 4988.47 | 3170.87 | ||
| Ex Rate | Rs | 70.15 | 64.29 | 68.57 | 64.37 | |
| C. Production
| ||||||
| Crude oil* | MMT | 0.856 | 0.859 | 1.700 | 1.703 | |
| Natural Gas* | BCM | 0.734 | 0.765 | 1.430 | 1.489 | |
| Oil + Oil equivalent | MMTOE | 1.590 | 1.624 | 3.130 | 3.192 | |
| D. Sales
| ||||||
| Crude oil | MMT | 0.831 | 0.845 | 1.642 | 1.663 | |
| Natural Gas | BCM | 0.645 | 0.634 | 1.242 | 1.229 | |
| Oil + Oil equivalent | MMTOE | 1.476 | 1.479 | 2.884 | 2.892 | |
*includes OIL’s production in joint ventures.
The highlights of the board meeting are as follows:
- PAT for H1 FY2018-19 increased by 42.79% to Rs. 1,565.23 crore as compared to PAT of Rs. 1,096.21 crore during H1 FY2017-18. PAT for Q2 FY2018-19 is Rs 862.01 crore which is higher by 33.44% as compared to PAT for Q2 FY2017-18 of Rs 645.97 crore.
- Crude Oil price realisation increased by 47.69% to US$ 72.75/BBL in H1 FY2018-19 as compared to US$ 49.26/BBL during H1 FY2017-18.
- Crude price realisation in INR terms was higher by 57.32% to Rs. 4,988.47/BBL in H1 FY2018-19 as compared to Rs. 3,170.87/BBL during H1 FY2017-18.
- Average Natural gas price realisation during H1 FY2018-19 was US$ 3.06/MMBTU as compared to US$ 2.48/MMBTU in H1 FY2017-18.
- Crude Oil production for the H1 FY2018-19 is 1.70 MMT which is more or less same as the crude oil production of H1 FY2017-18.
- Natural gas production during H1 FY2018-19 is down by 3.96% to 1,430 MMSCM as compared to 1,489 MMSCM during H1 FY2017-18 due to short upliftment by certain consumers.