Ongc Results

ONGC share price up after Q2 profit jumps 17% YoY; Rs 6 dividend announced

The Board of Directors of ONGC has declared the first interim dividend of Rs 6 per equity share of face value of Rs 5 each for FY25

ONGC Q1 FY25 results: Net profit declines 15% to Rs 8,938.10 crore

India's largest crude oil and natural gas producer wrote off Rs 1,669.73 crore cost incurred in unsuccessful survey and drilling of wells to find oil and gas

ONGC Q3 results: Net profit falls 14% to Rs 9,536 cr on lower oil prices

State-owned Oil and Natural Gas Corporation (ONGC) on Sunday reported 14 per cent drop in net profit for the third quarter ended December 31 as oil and gas prices fell. Standalone net profit of Rs 9,536 crore in October-December 2023 (third quarter of 2023-24 fiscal year) was 13.7 per cent lower than Rs 11,045 crore earning in the same period of previous financial year, the company said in a statement. The earning was lower as price realised for crude oil the firm produced and sold in the quarter fell 6.4 per cent to USD 81.59 per barrel. Gas price too was 24.2 per cent lower at USD 6.5 per mmBtu. Also contributing to lower profit was a decline in production of crude oil, which is converted into fuel like petrol and diesel at refineries, and natural gas which is used to generate electricity, produce fertilizer, turned into CNG and piped to kitchens for cooking. Crude oil production dropped 3.3 per cent to 5.22 million tonne while gas output was 4.3 per cent lower at 5.12 billion cu

ONGC posts Rs 248-crore loss in Q4 on tax provisions; profit down 3.7%

India's top oil and gas producer ONGC posted a surprise loss in the March quarter after it made over Rs 12,100 crore provision for a contested tax liability. Oil and Natural Gas Corporation (ONGC) reported a net loss of Rs 247.70 crore in the January-March quarter as compared to a net profit of Rs 8,859.54 crore a year back, according to a company statement. Service tax department at various work centres had raised a demand for payment of service tax on the royalty the company paid to the state and central government on crude oil and natural gas it produces from below ground. The company challenged the demands in courts. While the matter is pending in courts, "as an abundant caution, the company has deposited the disputed service tax and GST on royalty along with interest under-protest amounting to Rs 11,558 crore up to March 31, 2023," the notes to the accounts said, adding Rs 1,862 crore towards penalty and other differences in the tax demands has also been disclosed as contingent

ONGC's Q3 net profit rises 26% to Rs 11,045 crore on high gas prices

Board approves second interim dividend of Rs 4 per share with face value of Rs 5

ONGC's net profit surges 3x to Rs 15,206 crore in June quarter

Revenue from operations increased to Rs 42,320.72 crore in the first quarter of the current financial year from Rs 23,021.64 crore in the year-ago period.

ONGC Q2 net jumps 565% to Rs 18,348 cr; firm to pay Rs 5.5 interim dividend

Revenue rose 44% to Rs 24,353 cr

ONGC slips up to 4% after reporting a first-ever loss in March quarter

ONGC had logged a profit before tax (PBT) of Rs 11,691 crore in the corresponding period of FY19.

ONGC's Dec-quarter PBT halves to Rs 5,998 cr on fall in oil, gas prices

Standalone net profit in the period at Rs 4,152 crore was 49.8 per cent lower than Rs 8,263 crore net profit in the same period of the previous fiscal year

ONGC Q4 net falls 6% to Rs 4,340 cr on higher expenses

Absence of one-time gain seen in same period of FY16 at Rs 389 cr also impacted profit margins