|
Net sales (including other operating income)
of Oil & Natural Gas Corpn has increased 7.26% to Rs 158329.1 crore. Sales of Offshore segment has gone down 1.98%
to Rs 23,004.17 crore (accounting for 13.00% of total sales). Sales of Onshore segment has gone down 7.18%
to Rs 10,803.13 crore (accounting for 6.11% of total sales). Sales of Refining & Marketing segment
rose 9.20% to Rs 137,127.09 crore (accounting for 77.50% of total sales). Sales of Outside India segment has gone down
11.93% to Rs 2,350.09 crore (accounting for 1.33% of total sales). Inter-segment sales rose Rs 16,508.41 crore
to Rs 18,654.86 crore.
Profit before interest, tax and other
unallocable items (PBIT) has slumped 40.14% to Rs 13,314.44 crore. PBIT of Offshore segment rose 3.45% to Rs
10,738.07 crore (accounting for 80.65% of total PBIT). PBIT of Onshore segment fell 34.15% to Rs
1,458.86 crore (accounting for 10.96% of total PBIT). PBIT of Refining & Marketing segment fell
94.46% to Rs 492.09 crore (accounting for 3.70% of total PBIT). PBIT of Outside India segment rose 10.03% to
Rs 842.59 crore (accounting for 6.33% of total PBIT).
PBIT margin of Offshore segment rose from
44.23% to 46.68%. PBIT margin of Onshore
segment fell from 19.04% to 13.50%. PBIT
margin of Refining & Marketing segment fell from 7.07% to 0.36%. PBIT margin of Outside India segment rose
from 28.70% to 35.85%. Overall PBIT
margin fell from 13.62% to 7.52%.
Operating profit margin has declined from
19.02% to 12.95%, leading to 26.97% decline in operating profit to Rs 20,506.84
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 25.50% to 32.79%. Purchase of finished goods cost fell from
33.12% to 32.37%. Employee cost
increased from 1.14% to 1.15%. Other expenses
fell from 22.28% to 20.89%. Selling and
administration expenses fell from 13.92% to 12.65%.
Other income rose 65.39% to Rs 4163.42
crore. PBIDT fell 19.37% to Rs 24670.26
crore. Provision for interest rose
15.59% to Rs 3748.99 crore. Loan funds
rose to Rs 191,489.32 crore as of 30 September 2024 from Rs 143,496.24 crore as
of 30 September 2023. Inventories
declined from Rs 54,301.21 crore as of 30 September 2023 to Rs 53,225.71 crore
as of 30 September 2024. Sundry debtors
were lower at Rs 19,253.76 crore as of 30 September 2024 compared to Rs
20,295.14 crore as of 30 September 2023.
Cash and bank balance declined from Rs 45,602.63 crore as of 30
September 2023 to Rs 37,288.44 crore as of 30 September 2024. Investments rose to Rs 106,077.39 crore as of
30 September 2024 from Rs 81,470.29 crore as of 30 September 2023 .
PBDT fell 23.52% to Rs 20921.27 crore. Provision for depreciation rose 15.97% to Rs
8209.01 crore. Fixed assets increased to
Rs 401,127.31 crore as of 30 September 2024 from Rs 331,549.91 crore as of 30
September 2023. Intangible assets
declined from Rs 54,964.58 crore to Rs 40,807.33 crore.
Profit before tax down 37.30% to Rs 12,712.26
crore. Provision for tax was expense of
Rs 2821.67 crore, compared to Rs 5259.72 crore.
Effective tax rate was 22.22% compared to 24.54%.
Net profit attributable to owners of the
company decreased 25.04% to Rs 10,272.50 crore.
Crude oil production fell 2% in Q2FY25 to
5.159 MMT compared to Q2FY24. This includes 4.576 MMT from domestic operations,
0.329 MMT from JV and 0.254 MMT from Condensate. ONGC gas production fell 3% to
5.06 BCM in Q2FY`25. This includes 4.912 BCM from domestic operations and 0.148
BCM from JVs.
Equity capital stood at Rs 6,290.14 crore as
of 30 September 2024 to Rs 6,290.14 crore as of 30 September 2023. Per share face Value remained same at Rs
5.00.
Promoters’ stake was 58.89% as of 30
September 2024 ,compared to 58.89% as of 30 September 2023 .
For
year-to-date (YTD) results analysis
Net sales (including other operating income)
of Oil & Natural Gas Corpn has increased 4.04% to Rs 326353.9 crore. Sales of Offshore segment has gone up 1.39%
to Rs 47,191.41 crore (accounting for 12.87% of total sales). Sales of Onshore segment has gone down 2.28%
to Rs 21,799.58 crore (accounting for 5.95% of total sales). Sales of Refining & Marketing segment
rose 5.86% to Rs 285,442.48 crore (accounting for 77.85% of total sales). Sales of Outside India segment has gone down
4.02% to Rs 4,833.62 crore (accounting for 1.32% of total sales). Sales of Petrochemicals segment has gone up
9.18% to Rs 7,385.81 crore (accounting for 2.01% of total sales). Inter-segment sales rose Rs 36,687.41 crore
to Rs 40,371.92 crore.
Profit before interest, tax and other unallocable
items (PBIT) has slumped 39.87% to Rs 27,696.38 crore. PBIT of Offshore segment fell 3.03% to Rs
21,251.52 crore (accounting for 76.73% of total PBIT). PBIT of Onshore segment fell 28.71% to Rs
3,287.66 crore (accounting for 11.87% of total PBIT). PBIT of Refining & Marketing segment fell
89.99% to Rs 1,940.13 crore (accounting for 7.00% of total PBIT). PBIT of Outside India segment rose 74.86% to
Rs 1,982.34 crore (accounting for 7.16% of total PBIT). PBIT of Petrochemicals segment rose 22.60% to
Rs -765.27 crore (accounting for -2.76% of total PBIT).
PBIT margin of Offshore segment fell from
47.08% to 45.03%. PBIT margin of Onshore
segment fell from 20.67% to 15.08%. PBIT
margin of Refining & Marketing segment fell from 7.19% to 0.68%. PBIT margin of Outside India segment rose
from 22.51% to 41.01%. PBIT margin of
Petrochemicals segment rose from negative 14.62% to negative 10.36%. Overall PBIT margin fell from 13.15% to
7.55%.
Operating profit margin has declined from
18.75% to 12.91%, leading to 28.34% decline in operating profit to Rs 42,133.39
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 25.89% to 31.03%. Purchase of finished goods cost rose from
33.72% to 34.23%. Employee cost
decreased from 1.14% to 1.11%. Other
expenses fell from 20.80% to 20.76%.
Selling and administration expenses fell from 12.79% to 12.68%. Provisions writeoffs cost rose from 0.75% to
0.90%. Other provisions rose from 0.75%
to 0.90%.
Other income rose 42.75% to Rs 7005.59
crore. PBIDT fell 22.87% to Rs 49138.98
crore. Provision for interest rose
18.51% to Rs 7364.89 crore. Loan funds
rose to Rs 191,489.32 crore as of 30 September 2024 from Rs 143,496.24 crore as
of 30 September 2023. Inventories
declined from Rs 54,301.21 crore as of 30 September 2023 to Rs 53,225.71 crore
as of 30 September 2024. Sundry debtors
were lower at Rs 19,253.76 crore as of 30 September 2024 compared to Rs
20,295.14 crore as of 30 September 2023.
Cash and bank balance declined from Rs 45,602.63 crore as of 30
September 2023 to Rs 37,288.44 crore as of 30 September 2024. Investments rose to Rs 106,077.39 crore as of
30 September 2024 from Rs 81,470.29 crore as of 30 September 2023 .
PBDT fell 27.34% to Rs 41774.09 crore. Provision for depreciation rose 14.73% to Rs
16665.44 crore. Fixed assets increased
to Rs 401,127.31 crore as of 30 September 2024 from Rs 331,549.91 crore as of
30 September 2023. Intangible assets
declined from Rs 54,964.58 crore to Rs 40,807.33 crore.
Profit before tax down 41.56% to Rs 25,108.65
crore. Share of profit/loss was 62.59%
lower at Rs 761.06 crore. Provision for
tax was expense of Rs 6181.09 crore, compared to Rs 11431.6 crore. Effective tax rate was 23.89% compared to
25.35%.
Net profit attributable to owners of the
company decreased 28.61% to Rs 20,281.10 crore.
Crude oil production fell 2% in H1FY25 to
10.395 MMT compared to H1FY24. This includes 9.204 MMT from domestic
operations, 0.682 MMT from JV and 0.509 MMT from Condensate. ONGC gas
production fell 3% to 10.068 BCM in H1FY`25. This includes 9.773 BCM from
domestic operations and 0.295 BCM from JVs.
Equity capital stood at Rs 6,290.14 crore as
of 30 September 2024 to Rs 6,290.14 crore as of 30 September 2023. Per share face Value remained same at Rs
5.00.
Promoters’ stake was 58.89% as of 30
September 2024 ,compared to 58.89% as of 30 September 2023 .
The scrip is currently trading at Rs 258
|
Oil & Natural Gas Corpn :
Consolidated Results
|
|
Particulars
|
2409
(03)
|
2309
(03)
|
Var.(%)
|
2409
(06)
|
2309
(06)
|
Var.(%)
|
2403
(12)
|
2303
(12)
|
Var.(%)
|
|
Net
Sales (including other operating income)
|
1,58,329.10
|
1,47,613.68
|
7
|
3,26,353.90
|
3,13,677.07
|
4
|
6,49,526.98
|
6,84,829.22
|
-5
|
|
OPM
(%)
|
12.95
|
19.02
|
|
12.91
|
18.75
|
|
15.75
|
11.28
|
|
|
OP
|
20,506.84
|
28,080.04
|
-27
|
42,133.39
|
58,799.14
|
-28
|
1,02,275.19
|
77,246.64
|
32
|
|
Other
Inc.
|
4,163.42
|
2,517.40
|
65
|
7,005.59
|
4,907.66
|
43
|
11,865.46
|
8,074.08
|
47
|
|
PBIDT
|
24,670.26
|
30,597.44
|
-19
|
49,138.98
|
63,706.80
|
-23
|
1,14,140.65
|
85,320.72
|
34
|
|
Interest
|
3,748.99
|
3,243.32
|
16
|
7,364.89
|
6,214.40
|
19
|
12,752.62
|
7,889.36
|
62
|
|
PBDT
|
20,921.27
|
27,354.12
|
-24
|
41,774.09
|
57,492.40
|
-27
|
1,01,388.03
|
77,431.36
|
31
|
|
Depreciation
|
8209.01
|
7078.57
|
16
|
16665.44
|
14525.56
|
15
|
30260.61
|
24581.45
|
23
|
|
PBT
|
12,712.26
|
20,275.55
|
-37
|
25108.65
|
42966.84
|
-42
|
71127.42
|
52849.91
|
35
|
|
Share
of Profit/(Loss) from Associates
|
-12.15
|
1059.22
|
PL
|
761.06
|
2034.4
|
-63
|
4136.8
|
34.06
|
999
|
|
PBT
before EO
|
12700.11
|
21334.77
|
-40
|
25869.71
|
45001.24
|
-43
|
75264.22
|
52883.97
|
42
|
|
EO
Income
|
0
|
96.25
|
-
|
0
|
96.25
|
-
|
-1636.43
|
-8137.94
|
80
|
|
PBT
after EO
|
12700.11
|
21431.02
|
-41
|
25869.71
|
45097.49
|
-43
|
73627.79
|
44746.03
|
65
|
|
Taxation
|
2821.67
|
5259.72
|
-46
|
6181.09
|
11431.6
|
-46
|
18205.35
|
10699.57
|
70
|
|
PAT
|
9878.44
|
16171.3
|
-39
|
19688.62
|
33665.89
|
-42
|
55422.44
|
34046.46
|
63
|
|
Minority
Interest (MI)
|
-394.06
|
2467.92
|
LP
|
-592.48
|
5256.92
|
LP
|
6129.22
|
-2662.87
|
PL
|
|
Net
profit
|
10272.5
|
13703.38
|
-25
|
20281.1
|
28408.97
|
-29
|
49293.22
|
36709.33
|
34
|
|
EPS
(Rs)*
|
#
|
#
|
|
#
|
#
|
|
40.0
|
34.5
|
|
|
Notes
|
|
*
EPS is on current equity of Rs 6,290.14 crore, Face value of Rs 5, Excluding
extraordinary items.
|
|
#
EPS is not annualised
|
|
bps
: Basis points
|
|
EO
: Extraordinary items
|
|
Figures
in Rs crore
|
|
Source:
Capitaline Corporate Database
|
|
Oil & Natural Gas Corpn : Consolidated
Segment Results
|
|
|
%
of (Total)
|
2409
(03)
|
2309
(03)
|
Var.(%)
|
%
of (Total)
|
2409
(06)
|
2309
(06)
|
Var.(%)
|
%
of (Total)
|
2403
(12)
|
2303
(12)
|
Var.(%)
|
|
Sales
|
|
|
|
|
|
Offshore
|
13
|
23,004.17
|
23,468.64
|
-2
|
13
|
47,191.41
|
46,545.49
|
1
|
13
|
94,270.18
|
1,04,113.80
|
-9
|
|
Onshore
|
6
|
10,803.13
|
11,638.62
|
-7
|
6
|
21,799.58
|
22,307.75
|
-2
|
6
|
43,864.61
|
51,115.65
|
-14
|
|
Refining
& Marketing
|
78
|
1,37,127.09
|
1,25,568.88
|
9
|
78
|
2,85,442.48
|
2,69,632.02
|
6
|
79
|
5,67,459.75
|
5,91,522.50
|
-4
|
|
Outside
India
|
1
|
2,350.09
|
2,668.47
|
-12
|
1
|
4,833.62
|
5,036.28
|
-4
|
1
|
9,553.45
|
11,676.33
|
-18
|
|
Petrochemicals
|
2
|
3,664.48
|
0
|
-
|
2
|
7,385.81
|
6,764.78
|
9
|
|
|
|
|
|
Total
Reported Sales
|
100
|
1,76,948.96
|
1,63,344.61
|
8
|
100
|
3,66,652.90
|
3,50,286.32
|
5
|
100
|
7,15,147.99
|
7,58,428.28
|
-6
|
|
Less:
Inter segment revenues
|
|
18,654.86
|
16,508.41
|
13
|
|
40,371.92
|
36,687.41
|
10
|
|
72,260.53
|
73,740.95
|
-2
|
|
Net
Sales
|
|
1,58,294.10
|
1,46,836.20
|
8
|
|
3,26,280.98
|
3,13,598.91
|
4
|
|
6,42,887.46
|
6,84,687.33
|
-6
|
|
PBIT
|
|
|
|
|
|
Offshore
|
81
|
10,738.07
|
10,380.15
|
3
|
77
|
21,251.52
|
21,915.91
|
-3
|
57
|
44,034.03
|
42,795.40
|
3
|
|
Onshore
|
11
|
1,458.86
|
2,215.58
|
-34
|
12
|
3,287.66
|
4,611.43
|
-29
|
8
|
6,142.46
|
6,308.16
|
-3
|
|
Refining
& Marketing
|
4
|
492.09
|
8,880.37
|
-94
|
7
|
1,940.13
|
19,386.74
|
-90
|
34
|
26,520.53
|
-5,678.78
|
LP
|
|
Outside
India
|
6
|
842.59
|
765.79
|
10
|
7
|
1,982.34
|
1,133.66
|
75
|
1
|
934.72
|
3,937.30
|
-76
|
|
Petrochemicals
|
-2
|
-217.17
|
0
|
-
|
-3
|
-765.27
|
-988.74
|
23
|
|
|
|
|
|
Total
PBIT
|
100
|
13,314.44
|
22,241.89
|
-40
|
100
|
27,696.38
|
46,059.00
|
-40
|
100
|
77,631.74
|
47,362.08
|
64
|
|
Less
: Interest
|
|
3,748.99
|
2,603.34
|
44
|
|
7,364.89
|
6,214.40
|
19
|
|
10,194.17
|
7,889.36
|
29
|
|
Add:
Other un-allcoable
|
|
3,134.66
|
2,548.35
|
23
|
|
5,538.22
|
5,252.89
|
5
|
|
9,422.50
|
3,578.04
|
163
|
|
PBT
|
|
12,700.11
|
22,186.90
|
-43
|
|
25,869.71
|
45,097.49
|
-43
|
|
76,860.07
|
43,050.76
|
79
|
|