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Q1FY20 Earnings Report of Oil & Natural Gas Corpn Ltd - HDFC Securities
Trends in Sales and Margins
Revenue fell by 0.76% to Rs. 26554.7 Cr in Q1FY20 when compared to the previous quarter. Also, it fell by 2.42% when compared with Q1FY19. The Sales had been decreasing in the period Q3FY19 to Q1FY20. The Sales increased in Q2FY19. EBITDA was Rs. 13529.7 Cr for Q1FY20, a rise of 23.04% compared to Q4FY19.It fell by 5.01% compared to Q1FY19 . The EBITDA had been decreasing in the period Q3FY19 to Q4FY19. The EBITDA increased in Q2FY19 and Q1FY20. PAT for Q1FY20 was Rs. 5904.2 Cr, a rise of 45.98% when compared to Q4FY19 . The PAT had been decreasing in the period Q3FY19 to Q4FY19. The PAT increased in Q2FY19 and Q1FY20.
Trend of Raw Material
The EBITDA Margin grew to 51.0% in Q1FY20, a rise of 990.0 bps compared to the last quarter. It was due to the drop in raw material, employee, selling & administrative, provisions & write offs and other expenses as a proportion of sales. The EBITDA Margin was 52.3% same quarter last year. PAT Margin grew from 15.1% in Q4FY19 to 22.2% this quarter. It rose due to the rise in the EBITDA Margin and depreciation.
The EPS rose this quarter to Rs. 4.7 from Rs. 3.2 in Q4FY19. In Q1FY19 it was Rs. 4.8.
The stock price of Oil & Natural Gas Corpn Ltd decreased from Rs. 159.55 to Rs. 128.15 when compared to the previous quarter.
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HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475
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