Oil & Natural Gas Corpn Ltd's Q3FY25 Quarter Results
- 01 Feb 2025
Result Summary
- Oil & Natural Gas Corpn Ltd reported a 3.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 0.7%.
- Its expenses for the quarter were up by 3.2% QoQ and down 0.4% YoY.
- The net profit decreased 1.0% QoQ and decreased 9.0% YoY.
- The earnings per share (EPS) of Oil & Natural Gas Corpn Ltd stood at 6.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 168507.77 | 162492.52 | 169628.12 | 3.7% | -0.7% |
Total Expenses | 154620.90 | 149780.26 | 155183.07 | 3.2% | -0.4% |
Profit Before Tax | 13886.87 | 12712.26 | 14445.72 | 9.2% | -3.9% |
Tax | 3738.55 | 2821.67 | 3767.92 | 32.5% | -0.8% |
Profit After Tax | 9783.64 | 9878.44 | 10748.46 | -1.0% | -9.0% |
Earnings Per Share | 6.80 | 8.20 | 8.20 | -17.1% | -17.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Oil & Natural Gas Corporation Limited (ONGC) is a major player in the energy industry, primarily engaged in the exploration and production of oil and natural gas. The company operates in an industry that is crucial to global energy supply, providing essential resources for various sectors. ONGC's portfolio includes the exploration, development, and production of crude oil and natural gas. It is a state-owned enterprise and one of the largest publicly traded companies in India, contributing significantly to the country's energy needs. The company is known for its extensive operations in India and its involvement in international projects. Recent developments in the industry, such as fluctuating oil prices and shifts towards renewable energy, may impact ONGC's operational strategies and financial performance, although specific details on recent major developments are not provided in the data.
Revenue
During the third quarter of the financial year 2025 (Q3FY25), Oil & Natural Gas Corporation Ltd reported a total income of ₹168,507.77 crores. This represents a quarter-over-quarter (QoQ) increase of 3.7% compared to ₹162,492.52 crores in the second quarter of FY25. However, when compared year-over-year (YoY) to Q3FY24, there is a slight decrease of 0.7%, with the previous year's Q3 total income being ₹169,628.12 crores. The revenue figures highlight a modest QoQ growth, although there is a minor decline when viewed YoY. This data reflects the company's revenue performance in the context of the volatile energy market, where external factors can significantly impact income levels.
Profitability
For Q3FY25, ONGC's profit before tax stood at ₹13,886.87 crores, which marks a 9.2% increase from the previous quarter's profit before tax of ₹12,712.26 crores. Despite this QoQ improvement, the profit before tax has decreased by 3.9% YoY from ₹14,445.72 crores in Q3FY24. The tax expense for Q3FY25 was ₹3,738.55 crores, showing a substantial QoQ increase of 32.5% from ₹2,821.67 crores in Q2FY25 and a slight decline of 0.8% YoY from ₹3,767.92 crores in Q3FY24. Consequently, the profit after tax for Q3FY25 was ₹9,783.64 crores, experiencing a slight QoQ decrease of 1.0% from ₹9,878.44 crores in Q2FY25 and a more significant YoY decline of 9.0% from ₹10,748.46 crores in Q3FY24. The earnings per share for Q3FY25 were ₹6.80, reflecting a notable decrease of 17.1% both QoQ and YoY from ₹8.20 in Q2FY25 and Q3FY24, respectively.
Operating Metrics
The financial data indicates that ONGC's total expenses for Q3FY25 were ₹154,620.90 crores, representing a 3.2% increase QoQ from ₹149,780.26 crores in Q2FY25 and a 0.4% decrease YoY from ₹155,183.07 crores in Q3FY24. The increase in expenses is consistent with the rise in total income on a QoQ basis, although the YoY comparison shows a slight reduction in costs. The company's ability to manage its expenses relative to its income is crucial for maintaining profitability. The key financial metrics such as profit before tax and profit after tax demonstrate ONGC's operational efficiency and financial health over the analyzed periods. The company's tax expense rose significantly QoQ, impacting the profit after tax, while the YoY comparison indicates a relatively stable tax environment. These operational metrics provide insights into ONGC's cost management strategies and financial outcomes amidst an evolving energy market.
