IOC Q4'12 and FY2012 results -First Cut,
RAJESH DESAI
Dear Sir/Madam,
Indian Oil Corporation Limited.(IOCL) announced its Q4’12 results as well as its annual results today i.e. May 28,2012
The company’s Q4 topline grows at ~30%YoY and stood at INR128443.96 cr while its PAT stood at INR12670.43 cr which is up both on QoQ and YoY basis. Both EBITDA and PAT margins improved sequentially on QoQ and YoY basis. However the company reported growth in topline but its bottomline figures of FY12 declined over the corresponding year FY11.
The following is the snapshot of IOCL’s performances:
|
STANDALONE |
CONSOLIDATED |
|||||||
|
Description |
Q4'12 |
Q3'12 |
Q4'11 |
QoQ(%) |
YoY(%) |
FY12 |
FY11 |
YoY% |
|
Total Income |
128443.96 |
115641.87 |
98722.65 |
11.07 |
30.11 |
408924.03 |
309797.02 |
32.00 |
|
Total Expenditure |
113695.3 |
104483.61 |
92939.98 |
|
|
389204.12 |
295212.41 |
|
|
PBIDT(ExclOI) |
14748.66 |
11158.26 |
5782.67 |
32.18 |
155.05 |
19719.91 |
14584.61 |
35.21 |
|
EBITDA margins |
11.48% |
9.65% |
5.86% |
183bps |
562bps |
4.82% |
4.71% |
11bps |
|
Other Income |
1861.39 |
347.51 |
480.03 |
|
|
3187.13 |
3447.69 |
|
|
Operating Profit |
16610.05 |
11505.77 |
6262.70 |
|
|
22907.04 |
18032.3 |
|
|
Interest |
1503.75 |
1565.20 |
867.45 |
|
|
5894.65 |
2935.7 |
|
|
Exceptional Items |
-1539.63 |
-6,168.19 |
|
|
|
7707.82 |
|
|
|
PBDT |
13566.67 |
3772.38 |
5395.25 |
|
|
9304.57 |
15096.6 |
|
|
Depreciation |
1096.55 |
1283.94 |
1216.50 |
|
|
5309.26 |
4932.62 |
|
|
PBT |
12470.12 |
2488.44 |
4178.75 |
|
|
3995.31 |
10163.98 |
|
|
Tax |
-200.31 |
|
273.59 |
|
|
-269.95 |
2028.36 |
|
|
Profit After Tax |
12670.43 |
2488.44 |
3905.16 |
409.17 |
224.45 |
4265.26 |
8135.62 |
-47.57 |
|
PAT margins |
9.86% |
2.15% |
3.96% |
771bps |
590bps |
1.04% |
2.63% |
(159)bps |
|
Minority Interest |
|
|
|
|
|
39.29 |
254.9 |
|
|
Consolidated Net Profit |
|
|
|
|
|
4225.97 |
7880.72 |
-46.38 |
|
Equity Capital |
2427.95 |
2427.95 |
2427.95 |
|
|
2427.95 |
2427.95 |
|
|
Face Value(InRs) |
10 |
10.00 |
10.00 |
|
|
10 |
10 |
|
|
EPS |
52.19 |
10.25 |
16.08 |
409.13 |
224.54 |
17.41 |
32.46 |
-46.38 |
|
Figures in INR Crore.EPS represents Diluted EPS |
|
|||||||
NOTE:
Ø The Board of Directors has recommended dividend of INR5.00 per share.
Ø Average GRMs for Q4’12 was $4.25/bbl vs $7.56/bbl and for FY12 was $3.63/bbl vs $5.72/bbl.
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai
hiteshd...@gmail.com
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