Net crude realisations soar: Oil India’s (OIL’s) revenues jumped by 33.6% YoY to Rs18.7bn (Rs14.4bn) owing to higher YoY crude net realisations. Gross crude realization for Q4FY10 stood at US$75.7/bbl (US$44.6/bbl, Q3FY10-US$73.9/bbl), while the net realizations received by OIL were US$53.3/bbl (US$41.6/bbl, Q3FY10-US$58.8/bbl). Subsidy burden for the quarter jumped by over 43.3% sequentially to Rs6.7bn as against Rs4.7bn in Q3FY10 (Q4FY09-Rs0.9bn)...


To read full research report you can refer to:
http://www.dsij.in/productattachment.../Oil%20Ind.pdf

Source: Dalal Street investment Journal
Dalal Street Investment Journal