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Crude oil, gas industry expands profits after 8 consecutive quarters of decline
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Crude oil, gas industry expands profits after 8 consecutive quarters of decline

SLIDE 1
  • 1/5

The total income of the industry increased 7 per cent in March 2021 quarter on a Y-o-Y basis. 

SLIDE 2
  • 2/5

Profit grew in spite of a 1.2 per cent decline in sales. The March 2021 quarter was the eighth consecutive quarter of decline in sales of the industry. 

SLIDE 3
  • 3/5

The faster fall in operating expenses compared to operating income or sales revenues resulted in the industry nearly doubling its operating profits, which grew 92 per cent.

SLIDE 4
  • 4/5

The crude oil and natural gas industry reported a handsome 471 per cent growth in net profit on the back of a 92 per cent growth in operating profits for the March quarter.

SLIDE 5
  • 5/5

Net profit margin expansion was far more from a mere 3.8 per cent to 20.1 per cent in March 2021 quarter, as compared to previous quarter.