---------------

---- in Rs.
Cr.
---------------
Balance Sheet ----
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds

Total Share Capital 1,425.93 1,425.93 2,138.89 2,138.89 2,138.89

Equity Share Capital 1,425.93 1,425.93 2,138.89 2,138.89 2,138.89

Share Application
Money 0 0 0 0 0

Preference Share
Capital 0 0 0 0 0
Reserves 45,419.49 52,533.74 59,785.04 68,478.51 76,596.53

Revaluation Reserves 0 0 0 0 0
Networth 46,845.42 53,959.67 61,923.93 70,617.40 78,735.42

Secured Loans 0 0 0 0 0

Unsecured Loans 9,916.22 12,722.61 15,109.07 12,482.71 16,035.70

Total Debt 9,916.22 12,722.61 15,109.07 12,482.71 16,035.70
Total Liabilities 56,761.64 66,682.28 77,033.00 83,100.11 94,771.12
Application Of Funds

Gross Block 42,983.85 47,882.35 52,038.07 57,463.78 61,355.61

Less: Accum.
Depreciation 37,147.32 40,040.15 43,198.95 46,945.77 50,941.23
Net Block 5,836.53 7,842.20 8,839.12 10,518.01 10,414.38

Capital Work in
Progress 28,838.35 33,373.92 37,794.16 41,154.63 52,923.19

Investments 4,036.67 4,888.57 5,702.05 5,899.50 5,090.32

Inventories 2,569.19 3,038.49 3,033.76 3,480.64 4,060.67

Sundry Debtors 3,729.31 3,704.28 2,759.44 4,360.37 4,083.80

Cash and Bank Balance 20.88 699.8 27.42 269.22 161.48

Total Current Assets 6,319.38 7,442.57 5,820.62 8,110.23 8,305.95

Loans and Advances 39,574.73 52,293.83 58,710.79 38,906.53 55,964.02

Fixed Deposits 9,445.98 8,113.02 19,253.37 22,148.43 18,934.74

Total CA, Loans &

Advances 55,340.09 67,849.42 83,784.78 69,165.19 83,204.71

Deffered Credit 0 0 0 0 0

Current Liabilities 13,249.06 16,515.78 19,835.99 22,482.94 26,854.11

Provisions 24,572.10 31,122.39 39,765.20 21,828.17 30,657.98

Total CL & Provisions 37,821.16 47,638.17 59,601.19 44,311.11 57,512.09

Net Current Assets 17,518.93 20,211.25 24,183.59 24,854.08 25,692.62

Miscellaneous
Expenses 531.16 366.34 514.06 673.9 650.61

Total Assets 56,761.64 66,682.28 77,032.98 83,100.12 94,771.12

Contingent Liabilities 26,593.45 32,907.71 34,157.17 26,006.73 36,024.57

Book Value (Rs) 328.52 378.42 289.52 330.16 368.12

 ---------------
---- in Rs.
Cr.
---------------
Profit & Loss account ----
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths 12 mths

Income

Sales Turnover 46,848.44 48,536.43 57,190.17 60,466.48 64,342.28

Excise Duty 689.04 546.69 276.73 401.38 338.29

Net Sales 46,159.40 47,989.74 56,913.44 60,065.10 64,003.99

Other Income 1,372.66 2,499.67 3,107.05 4,228.63 4,085.59

Stock Adjustments 29.86 211.58 -19.73 114.11 81.1

Total Income 47,561.92 50,700.99 60,000.76 64,407.84 68,170.68

Expenditure

Raw Materials 6,812.33 5,662.50 8,177.22 8,424.32 10,905.51

Power & Fuel Cost 214.32 195.45 320.28 317.15 270.79

Employee Cost 2,746.48 3,014.71 3,974.79 5,843.27 4,536.80

Other Manufacturing
Expenses 10,289.74 11,305.10 15,616.76 17,184.51 19,578.49

Selling and Admin

Expenses 1,941.77 -40.27 -560.7 -2,328.21 -4,470.78

Miscellaneous
Expenses 575.53 1,068.25 1,079.27 983.74 1,011.04

Preoperative Exp
Capitalised 0 0 0 0 0

Total Expenses 22,580.17 21,205.74 28,607.62 30,424.78 31,831.85

Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths 12 mths

Operating Profit 23,609.09 26,995.58 28,286.09 29,754.43 32,253.24

PBDIT 24,981.75 29,495.25 31,393.14 33,983.06 36,338.83
Interest 3,548.39 3,718.44 3,724.81 5,016.88 8,485.40
PBDT 21,433.36 25,776.81 27,668.33 28,966.18 27,853.43

Depreciation 1,824.22 3,852.76 3,292.80 3,915.77 4,355.62

Other Written Off 0 0 0 0 0

Profit Before Tax 19,609.14 21,924.05 24,375.53 25,050.41 23,497.81

Extra-ordinary items 146.08 -122.87 -564.27 607.25 790.68

PBT (Post Extra-ord

Items) 19,755.22 21,801.18 23,811.26 25,657.66 24,288.49
Tax 6,685.95 7,321.43 8,041.02 8,941.85 8,437.78

Reported Net Profit 12,983.05 14,430.78 15,642.92 16,701.65 16,126.32

Total Value Addition 15,767.83 15,543.24 20,430.40 22,000.46 20,926.34

Preference Dividend 0 0 0 0 0

Equity Dividend 5,703.74 6,416.70 6,630.51 6,844.39 6,844.39

Corporate Dividend Tax 776.33 899.94 1,012.51 1,163.20 1,163.20

Per share data (annualised)

Shares in issue (lakhs) 14,259.34 14,259.34 21,388.73 21,388.73 21,388.73

Earning Per Share

(Rs) 91.05 101.2 73.14 78.09 75.4

Equity Dividend (%) 400 450 310 320 320

Book Value (Rs) 328.52 378.42 289.52 330.16 368.12

 ---------------
---- in Rs.
Cash Flow of Oil Cr.
and Natural Gas ---------------
Corporation ----
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit Before

Tax 19647.7 21392.37 23980.26 25234.7 23895.42

Net Cash From

Operating
Activities 15611 20624.23 22910.02 21527.63 22272.74

Net Cash (used

in)/from

Investing Activities -8450.59 -12200.29 -5046.97 -10239.43 -17459.91

Net Cash (used

in)/from Financing
 Activities -6435.2 -9077.98 -7395.08 -8151.34 -8134.27

Net
(decrease)/increa
se In Cash and
Cash
Equivalents 725.22 -654.04 10467.97 3136.86 -3321.44

Opening Cash &

Cash Equivalents 8741.65 9466.86 8812.82 19280.79 22417.66

Closing Cash &

Cash Equivalents 9466.86 8812.82 19280.79 22417.66 19096.21
 ---------------
---- in Rs.
Key Financial Ratios of Oil Cr.
and Natural Gas ---------------
Corporation ----

Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

Investment Valuation Ratios

Face Value 10 10 10 10 10

Dividend Per Share 40 45 31 32 32

Operating Profit Per
Share (Rs) 164.96 188.98 131.65 139.05 150.8

Net Operating Profit Per

Share (Rs) 323.71 336.55 266.09 280.83 299.24

Free Reserves Per
Share (Rs) 312.79 363.84 275.84 315.74 353.81

Bonus in Equity Capital 75.49 75.49 83.66 83.66 83.66

Profitability Ratios

Operating Profit Margin(%) 50.96 56.15 49.47 49.51 50.39

Profit Before Interest And Tax

Margin(%) 45.56 46.29 41 40.09 40.66

Gross Profit Margin(%) 52.38 57.71 52.54 42.99 43.58

Cash Profit Margin(%) 31.09 36.65 31.22 31.24 29.05

Adjusted Cash Margin(%) 30.97 35.68 33.18 31.24 29.05

Net Profit Margin(%) 27.26 28.93 25.79 25.93 23.5

Adjusted Net Profit

Margin(%) 27.14 27.95 27.75 25.93 23.5

Return On Capital
Employed(%) 40.8 37.46 37.12 36.3 34.29

Return On Net Worth(%) 27.71 26.74 25.26 23.87 20.65

Adjusted Return on Net

Worth(%) 27.91 26.01 27.4 23.17 19.95

Return on Assets Excluding

Revaluations 13.73 12.62 287.11 327.01 --

Return on Assets Including

Revaluations 13.73 12.62 287.11 327.01 --

Return on Long Term

Funds(%) 42.04 37.46 37.26 36.3 34.29

Liquidity And Solvency Ratios

Current Ratio 1.4 1.42 1.4 1.56 1.45

Quick Ratio 1.33 1.28 1.28 1.39 1.27

Debt Equity Ratio 0.21 0.24 0.24 0.18 0.2

Long Term Debt Equity Ratio 0.18 0.24 0.24 0.18 0.2
Debt Coverage Ratios

Interest Cover 617.59 531.99 1,330.19 511.61 273.32

Total Debt to Owners Fund 0.21 0.24 0.24 0.18 0.2

Financial Charges Coverage

Ratio 7.04 7.76 8.56 6.79 4.34
Financial Charges Coverage
Ratio Post Tax 5.17 5.92 6.08 5.11 3.41

Management Efficiency Ratios

Inventory Turnover Ratio 18.54 16.42 19.99 122.77 111.98

Debtors Turnover Ratio 15.27 12.91 17.61 16.87 15.16

Investments Turnover Ratio 248.6 121.06 150.64 122.77 111.98

Fixed Assets Turnover Ratio 1.41 1.27 1.31 1.05 1.05

Total Assets Turnover Ratio 0.82 0.72 0.74 0.73 0.68

Asset Turnover Ratio 1.08 1.01 1.1 1.05 1.05

Average Raw Material

Holding -- -- -- -- 0.73

Average Finished Goods

Held 2.88 5.82 4.48 5.23 5.2

Number of Days In Working

Capital 136.63 151.62 152.97 148.96 144.51

Profit & Loss Account Ratios

Material Cost Composition 14.75 11.79 14.36 14.02 17.03

Imported Composition of Raw

Materials Consumed -- -- 20.11 17.41 17.6
Selling Distribution Cost
Composition 14.53 10.84 11.7 10.88 10.94

Expenses as Composition of
Total Sales 2.62 5.43 5.25 6.31 5.36

Cash Flow Indicator Ratios

Dividend Payout Ratio Net

Profit 49.91 50.7 48.85 47.94 49.65

Dividend Payout Ratio Cash

Profit 43.76 40.01 40.36 38.83 39.09

Earning Retention Ratio 49.88 47.54 54.59 50.6 48.6

Cash Earning Retention

Ratio 56.07 58.89 62.02 60.21 59.84

AdjustedCash Flow Times 0.67 0.71 0.75 0.62 0.8

Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

Earnings Per Share 91.05 101.2 73.14 78.09 75.4

Book Value 328.52 378.42 289.52 330.16 368.12

 ---------------
---- in Rs.
Quarterly Results of Oil Cr.
and Natural Gas ---------------
Corporation ----

Jun '09 Sep '09 Dec '09 Mar '10 Jun '10

Sales Turnover 14,945.44 15,191.57 15,506.14 16,002.34 13,823.01

Other Income 978.64 1,139.31 -30.13 469.13 407.21

Total Income 15,924.08 16,330.88 15,476.01 16,471.47 14,230.22

Total Expenses 5,378.30 6,357.09 6,171.46 6,584.31 5,629.80

Operating Profit 9,567.14 8,834.48 9,334.68 9,418.03 8,193.21

Profit On Sale Of Assets -- -- -- -- --

Profit On Sale Of
Investments -- -- -- -- --

Gain/Loss On Foreign
Exchange -- -- -- -- --

VRS Adjustment -- -- -- -- --

Other Extraordinary
Income/Expenses -- -- -- -- --

Total Extraordinary
Income/Expenses -- -- -- -- --

Tax On Extraordinary
Items -- -- -- -- --

Net Extra Ordinary

Income/Expenses -- -- -- -- --

Gross Profit 10,545.78 9,973.79 9,304.55 9,887.16 8,600.42

Interest 6.1 3.54 2.93 56.08 2.76
PBDT 10,539.68 9,970.78 9,301.62 9,850.49 8,597.66

Depreciation 3,178.91 2,356.06 4,675.79 4,448.03 3,114.27

Depreciation On
Revaluation Of Assets -- -- -- -- --
PBT 7,360.77 7,614.72 4,625.83 5,402.46 5,483.39
Tax 2,512.85 2,525.08 1,572.25 1,626.05 1,822.25
Net Profit 4,847.92 5,089.64 3,053.58 3,776.41 3,661.14

Prior Years
Income/Expenses -- 0.53 -- 19.41 --

Depreciation for Previous

Years Written Back/
Provided -- -- -- -- --
Dividend -- -- -- -- --

Dividend Tax -- -- -- -- --

Dividend (%) -- -- -- -- --

Earnings Per Share 22.67 23.8 14.28 17.66 17.12

Book Value -- -- -- -- --
Equity 2,138.87 2,138.87 2,138.87 2,138.89 2,138.89
Reserves -- -- -- -- --

Face Value 10 10 10
Capital Structure
Period Instrumen Authorize Issued -PAIDUP-
t d Capital Capital
From To (Rs. cr) (Rs. cr) Shares Face Capital
(nos) Value
Equity
2008 2009 Share 214.75 214.75 2.139E+09 10 214.75
Equity
2007 2008 Share 214.75 214.75 2.139E+09 10 214.75
Equity
2006 2007 Share 214.75 214.75 2.139E+09 10 214.75
Equity
2005 2006 Share 214.75 214.75 1.426E+09 10 214.75
Equity
2004 2005 Share 214.75 214.75 1.426E+09 10 214.75
Equity
2003 2004 Share 214.75 214.75 1.426E+09 10 214.75
Equity
2002 2003 Share 214.75 214.75 1.426E+09 10 214.75
Equity
2001 2002 Share 214.75 214.75 1.426E+09 10 214.75
Equity
2000 2001 Share 214.75 214.75 1.426E+09 10 214.75
Equity
1999 2000 Share 214.75 214.75 1.426E+09 10 214.75