New Delhi: The group turnover of Oil India, a public sector enterprise under the Ministry of Petroleum and Natural Gas, has increased to Rs 13,456 cr in Q2 of the financial year 2021-22. “The group turnover and profit after tax (PAT) of Oil India Limited for the half year ended 30th September 2021 have increased to Rs 13,456 crore and Rs 2,668.93 crore, respectively as compared to corresponding period last year,” said Oil India in a statement.

“The company’s PAT in Q2 of FY 2021-22 is Rs 504.46 crore vis-à-vis Rs 238.95 crore in Q2 of the last financial year. For the half year ended on 30th September 2021 PAT is Rs 1,012.40 crore vis-à-vis loss of Rs 9.66 crore for the half year ended 30th September 2020,” said the statement.

“The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) in Q2 2021-22 is Rs 1280.99 crore vis-à-vis Rs 848.48 crore in Q2 2020-21 and EBITDA for the half year ended on 30th September 2021 is Rs 2577.91 crore vis-à-vis Rs 1176.24 crore for the half year ended 30th September 2020,” said Oil India.

The company’s EPS has increased to Rs 4.65 per share in Q2 of 2021-22 as compared to Rs 2.20 in Q2 of 2020-21. For the half year ended on 30th September 2021, EPS is Rs 9.34 per share vis-à-vis negative EPS of Rs 0.09 per share for the half year ended 30th September 2020.

The board of OIL has recommended an interim dividend of Rs 3.50 per share for 2021-22. Average crude oil price realization for Q2 of 2021- 22 is US $ 71.35/bbl vis-à-vis US$ 42.75/bbl for Q2 of 2020-21, increased by 66.90 per cent.

The crude oil price realization for the half year ended 30th September 2021 is US$ 69.28 / bbl vis-à-vis US$ 36.48 / bbl for the half year ended 30th September, 2020, increased by 89.91 per cent. The crude oil and natural gas production in Q2 of 2021–22 have improved by 1.78 per cent and 26.38 per cent respectively as compared to Q2 of 2020-21. /BI/