Oil & Natural Gas Corp Ltd (BOM:500312)
₹ 277.6 -5.6 (-1.98%) Market Cap: 3.49 Til Enterprise Value: 4.48 Til PE Ratio: 7.24 PB Ratio: 1.06 GF Score: 94/100
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Q2 2020 Oil and Natural Gas Corporation Ltd Earnings Call Transcript

Nov 15, 2019 / 04:30AM GMT
Release Date Price: ₹135.55 (-0.51%)
Subhash Kumar
Oil and Natural Gas Corporation Limited - CFO, Director of Finance & Director

(technical difficulty)

Has decreased as a consequence of all this by INR 140 crore from INR 705 in second quarter of FY '19 to INR 565 crore in second quarter of current fiscal. Similarly, the amount of profit petroleum is lower by INR 438 crore from INR 1,386 crore in H1 FY '19 to INR 948 crore in H1 FY '20. The decrease is mainly at RJ-ON-90/1 by INR 390 -- INR 319 crores.

The operating expenditure has decreased by INR 247 crore, that is a reduction of roughly 5% from INR 5,168 crore in Q2 of FY '19 to INR 4,921 crore in Q2 of current fiscal. The decrease in current quarter is mainly on account of decrease in contractual payment, including hiring charges to the extent of INR 233 crore; repair and maintenance INR 21 crore; transport expense INR 46 crore; and workover expenditure by INR 22 crores. Similarly, the operating expenditure in H1 FY '20 has also been decreased by INR 311 crore. The reduction in H1 FY '20 is mainly on account of contractual payment to the extent of INR 525 crores

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