|
Net sales (including other operating income)
of Oil & Natural Gas Corpn has declined 0.75% to Rs 166096.68 crore. Sales of Offshore segment has gone down 0.76%
to Rs 23,653.15 crore (accounting for 12.85% of total sales). Sales of Onshore segment has gone down 8.38%
to Rs 9,977.43 crore (accounting for 5.42% of total sales). Sales of Refining & Marketing segment
fell 1.50% to Rs 144,725.76 crore (accounting for 78.60% of total sales). Sales of Outside India segment has gone down
15.17% to Rs 2,070.11 crore (accounting for 1.12% of total sales). Inter-segment sales came down from Rs
18,560.52 crore to Rs 18,069.68 crore.
Crude oil production remained flat in Q3FY25
to 5.236 MMT compared to Q3FY24. This includes 4.653 MMT from domestic
operations, 0.312 MMT from JV and 0.271 MMT from Condensate. ONGC gas
production also remained flat at 5.109 BCM in Q3FY`25. This includes 4.798 BCM
from domestic operations and 0.131 BCM from JVs. Crude oil realization (Nominated) fell 9.3%
to Rs 6130 per barrel in Q3FY25 compared to Q3FY24
Profit before interest, tax and other
unallocable items (PBIT) has jumped 13.73% to Rs 16,219.87 crore. PBIT of Offshore segment fell 10.51% to Rs
9,411.24 crore (accounting for 58.02% of total PBIT). PBIT of Onshore segment rose 84.36% to Rs
1,781.48 crore (accounting for 10.98% of total PBIT). PBIT of Refining & Marketing segment rose
168.92% to Rs 5,252.97 crore (accounting for 32.39% of total PBIT). PBIT of Outside India segment fell 61.79% to
Rs 315.05 crore (accounting for 1.94% of total PBIT).
PBIT margin of Offshore segment fell from
44.13% to 39.79%. PBIT margin of Onshore
segment rose from 8.87% to 17.86%. PBIT
margin of Refining & Marketing segment rose from 1.33% to 3.63%. PBIT margin of Outside India segment fell
from 33.79% to 15.22%. Overall PBIT
margin rose from 7.75% to 8.81%.
Operating profit margin has jumped from
12.17% to 14.84%, leading to 21.03% rise in operating profit to Rs 24,642.74
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 28.60% to 30.27%. Purchase of finished goods cost fell from
37.24% to 31.98%. Employee cost
increased from 1.12% to 1.18%. Other
expenses rose from 20.70% to 21.40%.
Selling and administration expenses fell from 12.73% to 11.80%. Provisions writeoffs cost rose from 1.12% to
1.19%. Other provisions rose from 1.12%
to 1.19%.
Other income fell 35.81% to Rs 2411.09
crore. PBIDT rose 12.18% to Rs 27053.83
crore. Provision for interest rose
14.57% to Rs 3669.74 crore.
PBDT rose 11.81% to Rs 23384.09 crore. Provision for depreciation rose 26.73% to Rs
9497.22 crore.
Profit before tax grew 3.49% to Rs 13,886.87
crore. Provision for tax was expense of
Rs 3738.55 crore, compared to Rs 3450.52 crore.
Effective tax rate was 27.65% compared to 24.71%.
Net profit attributable to owners of the
company decreased 19.45% to Rs 8,621.69 crore.
Promoters’ stake was 58.89% as of 31 December
2024 ,compared to 58.89% as of 31 December 2023 .
For
year-to-date (YTD) results analysis
Net sales (including other operating income)
of Oil & Natural Gas Corpn has increased 2.37% to Rs 492450.58 crore. Sales of Offshore segment has gone up 0.66%
to Rs 70,844.56 crore (accounting for 12.86% of total sales). Sales of Onshore segment has gone down 4.28%
to Rs 31,777.01 crore (accounting for 5.77% of total sales). Sales of Refining & Marketing segment
rose 3.27% to Rs 430,168.24 crore (accounting for 78.10% of total sales). Sales of Outside India segment has gone down
7.66% to Rs 6,903.73 crore (accounting for 1.25% of total sales). Inter-segment sales rose Rs 51,462.90 crore
to Rs 58,441.60 crore.
Crude oil production fell 1% in 9MFY25 to
15.632 MMT compared to 9MFY24. This includes 13.858 MMT from domestic operations,
0.994 MMT from JV and 0.78 MMT from Condensate. ONGC gas production fell 2% to
15.177 BCM in 9MFY`25. This includes 14.761 BCM from domestic operations and
0.416 BCM from JVs. Crude oil
realization (Nominated) fell 2.1% to Rs 6542 per barrel in 9MFY25 compared to 9MFY24
Profit before interest, tax and other
unallocable items (PBIT) has slumped 27.76% to Rs 43,916.25 crore. PBIT of Offshore segment fell 3.91% to Rs
30,662.76 crore (accounting for 69.82% of total PBIT). PBIT of Onshore segment fell 9.17% to Rs
5,069.14 crore (accounting for 11.54% of total PBIT). PBIT of Refining & Marketing segment fell
66.29% to Rs 7,193.10 crore (accounting for 16.38% of total PBIT). PBIT of Outside India segment rose 17.32% to
Rs 2,297.39 crore (accounting for 5.23% of total PBIT).
PBIT margin of Offshore segment fell from
45.34% to 43.28%. PBIT margin of Onshore
segment fell from 16.81% to 15.95%. PBIT
margin of Refining & Marketing segment fell from 5.12% to 1.67%. PBIT margin of Outside India segment rose
from 26.19% to 33.28%. Overall PBIT
margin fell from 11.52% to 7.97%.
Operating profit margin has declined from
16.46% to 13.56%, leading to 15.64% decline in operating profit to Rs 66,776.13
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 26.81% to 30.78%. Purchase of finished goods cost fell from
34.92% to 33.48%. Employee cost
decreased from 1.14% to 1.13%. Other
expenses rose from 20.77% to 20.97%.
Selling and administration expenses fell from 12.77% to 12.39%. Provisions writeoffs cost rose from 0.87% to
0.99%. Other provisions rose from 0.87%
to 0.99%.
Other income rose 8.69% to Rs 9416.68
crore. PBIDT fell 13.24% to Rs 76192.81
crore. Provision for interest rose
17.17% to Rs 11034.63 crore.
PBDT fell 16.90% to Rs 65158.18 crore. Provision for depreciation rose 18.81% to Rs
26162.66 crore.
Profit before tax down 30.84% to Rs 38,995.52
crore. Share of profit/loss was 84.61%
lower at Rs 396.38 crore. Provision for
tax was expense of Rs 9919.64 crore, compared to Rs 14882.12 crore. Effective tax rate was 25.18% compared to
25.20%.
Minority interest decreased 88.76% to Rs
569.47 crore. Net profit attributable to
owners of the company decreased 26.10% to Rs 28,902.79 crore.
Promoters’ stake was 58.89% as of 31 December
2024 ,compared to 58.89% as of 31 December 2023 .
The scrip is currently trading at Rs 260
|
Oil & Natural Gas Corpn :
Consolidated Results
|
|
Particulars
|
2412
(03)
|
2312
(03)
|
Var.(%)
|
2412
(09)
|
2312
(09)
|
Var.(%)
|
2403
(12)
|
2303
(12)
|
Var.(%)
|
|
Net
Sales (including other operating income)
|
1,66,096.68
|
1,67,356.63
|
-1
|
4,92,450.58
|
4,81,033.70
|
2
|
6,49,526.98
|
6,84,829.22
|
-5
|
|
OPM
(%)
|
14.8
|
12.2
|
|
13.6
|
16.5
|
|
15.75
|
11.3
|
|
|
OP
|
24,642.74
|
20,360.17
|
21
|
66,776.13
|
79,159.32
|
-16
|
1,02,275.19
|
77,246.64
|
32
|
|
Other
Inc.
|
2,411.09
|
3,756.46
|
-36
|
9,416.68
|
8,664.12
|
9
|
11,865.46
|
8,074.08
|
47
|
|
PBIDT
|
27,053.83
|
24,116.63
|
12
|
76,192.81
|
87,823.44
|
-13
|
1,14,140.65
|
85,320.72
|
34
|
|
Interest
|
3,669.74
|
3,203.18
|
15
|
11,034.63
|
9,417.58
|
17
|
12,752.62
|
7,889.36
|
62
|
|
PBDT
|
23,384.09
|
20,913.45
|
12
|
65,158.18
|
78,405.86
|
-17
|
1,01,388.03
|
77,431.36
|
31
|
|
Depreciation
|
9497.22
|
7494.27
|
27
|
26162.66
|
22019.83
|
19
|
30260.61
|
24581.45
|
23
|
|
PBT
|
13,886.87
|
13,419.18
|
3
|
38995.52
|
56386.03
|
-31
|
71127.42
|
52849.91
|
35
|
|
Share
of Profit/(Loss) from Associates
|
-364.68
|
541.89
|
PL
|
396.38
|
2576.29
|
-85
|
4136.8
|
34.06
|
999
|
|
PBT
before EO
|
13522.19
|
13961.07
|
-3
|
39391.9
|
58962.32
|
-33
|
75264.22
|
52883.97
|
42
|
|
EO
Income
|
0
|
0.68
|
-
|
0
|
96.92
|
-
|
-1636.43
|
-8137.94
|
80
|
|
PBT
after EO
|
13522.19
|
13961.75
|
-3
|
39391.9
|
59059.24
|
-33
|
73627.79
|
44746.03
|
65
|
|
Taxation
|
3738.55
|
3450.52
|
8
|
9919.64
|
14882.12
|
-33
|
18205.35
|
10699.57
|
70
|
|
PAT
|
9783.64
|
10511.23
|
-7
|
29472.26
|
44177.12
|
-33
|
55422.44
|
34046.46
|
63
|
|
Minority
Interest (MI)
|
1161.95
|
-191.94
|
PL
|
569.47
|
5064.98
|
-89
|
6129.22
|
-2662.87
|
PL
|
|
Net
profit
|
8621.69
|
10703.17
|
-19
|
28902.79
|
39112.14
|
-26
|
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)
|
2412
(03)
|
2312
(03)
|
Var.(%)
|
%
of (Total)
|
2412
(09)
|
2312
(09)
|
Var.(%)
|
%
of (Total)
|
2403
(12)
|
2303
(12)
|
Var.(%)
|
|
Sales
|
|
|
|
|
|
Offshore
|
13
|
23,653.15
|
23,834.01
|
-1
|
13
|
70,844.56
|
70,379.50
|
1
|
13
|
94,270.18
|
1,04,113.80
|
-9
|
|
Onshore
|
5
|
9,977.43
|
10,889.86
|
-8
|
6
|
31,777.01
|
33,197.61
|
-4
|
6
|
43,864.61
|
51,115.65
|
-14
|
|
Refining
& Marketing
|
79
|
1,44,725.76
|
1,46,931.91
|
-2
|
78
|
4,30,168.24
|
4,16,563.93
|
3
|
79
|
5,67,459.75
|
5,91,522.50
|
-4
|
|
Outside
India
|
1
|
2,070.11
|
2,440.25
|
-15
|
1
|
6,903.73
|
7,476.53
|
-8
|
1
|
9,553.45
|
11,676.33
|
-18
|
|
Petrochemicals
|
2
|
3,693.12
|
0
|
-
|
|
|
|
|
|
|
|
|
|
Total
Reported Sales
|
100
|
1,84,119.57
|
1,84,096.03
|
0
|
100
|
5,50,772.47
|
5,27,617.57
|
4
|
100
|
7,15,147.99
|
7,58,428.28
|
-6
|
|
Less:
Inter segment revenues
|
|
18,069.68
|
18,560.52
|
-3
|
|
58,441.60
|
51,462.90
|
14
|
|
72,260.53
|
73,740.95
|
-2
|
|
Net
Sales
|
|
1,66,049.89
|
1,65,535.51
|
0
|
|
4,92,330.87
|
4,76,154.67
|
3
|
|
6,42,887.46
|
6,84,687.33
|
-6
|
|
PBIT
|
|
|
|
|
|
Offshore
|
58
|
9,411.24
|
10,517.10
|
-11
|
70
|
30,662.76
|
31,912.01
|
-4
|
57
|
44,034.03
|
42,795.40
|
3
|
|
Onshore
|
11
|
1,781.48
|
966.29
|
84
|
12
|
5,069.14
|
5,580.68
|
-9
|
8
|
6,142.46
|
6,308.16
|
-3
|
|
Refining
& Marketing
|
32
|
5,252.97
|
1,953.35
|
169
|
16
|
7,193.10
|
21,341.05
|
-66
|
34
|
26,520.53
|
-5,678.78
|
LP
|
|
Outside
India
|
2
|
315.05
|
824.61
|
-62
|
5
|
2,297.39
|
1,958.27
|
17
|
1
|
934.72
|
3,937.30
|
-76
|
|
Petrochemicals
|
-3
|
-540.87
|
0
|
-
|
|
|
|
|
|
|
|
|
|
Total
PBIT
|
100
|
16,219.87
|
14,261.35
|
14
|
100
|
43,916.25
|
60,792.01
|
-28
|
100
|
77,631.74
|
47,362.08
|
64
|
|
Less
: Interest
|
|
3,669.74
|
2,544.12
|
44
|
|
11,034.63
|
7,511.40
|
47
|
|
10,194.17
|
7,889.36
|
29
|
|
Add:
Other un-allcoable
|
|
972.06
|
2,799.15
|
-65
|
|
6,510.28
|
7,162.48
|
-9
|
|
9,422.50
|
3,578.04
|
163
|
|
PBT
|
|
13,522.19
|
14,516.38
|
-7
|
|
39,391.90
|
60,443.09
|
-35
|
|
76,860.07
|
43,050.76
|
79
|
|