ONGC Q4'12 and FY2012 results - First Cut - Microsec Research

Oil & Natural Gas Corporation(ONGC) announced its Q4'12 results as well as its annual results on May 29,2012.

The company's Q4 topline grows at ~20%YoY and stood at INR19339.94 cr while its PAT stood at INR5644.38 cr which is up both on YoY basis. Both EBITDA and PAT margins improved on YoY basis.

On the annual front ONGC reported a healthy 22.62% growth in total income which came at INR147306.81cr and its consolidated Net profit rose by around 25% to INR28143.61cr.

The INR depreciation and high crude oil prices help ONGC to expand its profits.

The Board of Directors has recommended a final dividend of INR2.00 per share which works out to INR1711cr over & above the interim dividend of INR7.75 (INR6.25 & INR1.50) per share in two phases amounting to INR6631cr paid during the year under consideration. The total dividend for the year 2011-2012 works out to INR8342cr vs INR7486cr during 2010-2011.

Source : Equity Bulls

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