Oil & Natural Gas Corporation Ltd. Q3 FY2024 results: revenue ₹1,65,569 crore, down 2.2% on the year
Oil & Natural Gas Corporation Ltd. (ONGC) reported consolidated revenue from operations of ₹1,65,569 crore for Q3 FY2024, the quarter ended 31 December 2023, down 2.2% on the same quarter a year earlier. Profit after tax was ₹10,748 crore, down 7.9% on the year, and earnings per share ₹8.23. The figures are the company's own, from the unaudited results it filed with NSE on 12 February 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q2 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 1,65,569 | 1,46,874 | n/a | n/a |
| Other income | 4,059 | 2,515 | n/a | n/a |
| Total income | 1,69,628 | 1,49,388 | n/a | n/a |
| Cost of materials consumed | 46,029 | 39,203 | n/a | n/a |
| Purchases of stock-in-trade | 61,468 | 51,768 | n/a | n/a |
| Changes in inventories | 2,171 | -8,288 | n/a | n/a |
| Employee benefit expense | 1,807 | 1,737 | n/a | n/a |
| Finance costs | 2,544 | 2,603 | n/a | n/a |
| Depreciation, depletion and amortisation | 7,094 | 6,698 | n/a | n/a |
| Other expenses | 34,070 | 34,198 | n/a | n/a |
| Total expenses | 1,55,183 | 1,27,920 | n/a | n/a |
| Profit before exceptional items and tax | 14,445 | 21,469 | n/a | n/a |
| Exceptional items | 1 | 96 | n/a | n/a |
| Profit before tax | 14,446 | 21,565 | n/a | n/a |
| Current tax | 3,823 | 3,783 | n/a | n/a |
| Deferred tax | -55 | 1,850 | n/a | n/a |
| Total tax | 3,768 | 5,634 | n/a | n/a |
| Profit after tax | 10,748 | 16,553 | n/a | n/a |
| Attributable to owners of the parent | 10,356 | 13,734 | n/a | n/a |
| Other comprehensive income | 8,982 | 187 | n/a | n/a |
| Total comprehensive income | 19,731 | 16,740 | n/a | n/a |
| EPS, basic | ₹8.23 | ₹10.92 | n/a | n/a |
| EPS, diluted | ₹8.23 | ₹10.92 | n/a | n/a |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,46,874 | 1,65,569 | 1,66,771 | 1,66,577 | 1,58,329 | 1,66,097 | 1,70,812 | 1,63,108 | 1,57,911 | 1,67,423 | 1,73,805 | 2,04,987 |
| Expenses | 1,27,920 | 1,55,183 | 1,54,091 | 1,55,796 | 1,49,780 | 1,54,621 | 1,61,271 | 1,49,926 | 1,44,074 | 1,54,683 | 1,60,864 | 2,01,833 |
| Operating profit | 28,255 | 20,024 | 23,225 | 21,794 | 20,507 | 24,643 | 22,085 | 25,907 | 26,521 | 25,335 | 25,356 | 15,485 |
| OPM % | 19% | 12% | 14% | 13% | 13% | 15% | 13% | 16% | 17% | 15% | 15% | 8% |
| Other income | 2,515 | 4,059 | 3,105 | 2,986 | 4,163 | 2,411 | 2,977 | 2,573 | 3,108 | 3,308 | 3,368 | 2,789 |
| Interest | 2,603 | 2,544 | 2,683 | 2,938 | 3,749 | 3,670 | 3,500 | 3,341 | 3,411 | 3,207 | 3,070 | 2,854 |
| Depreciation | 6,698 | 7,094 | 7,863 | 8,075 | 8,209 | 9,497 | 9,043 | 9,384 | 9,273 | 9,388 | 9,345 | 9,477 |
| Exceptional items | 96 | 1 | -1,733 | 0 | 0 | 0 | -151 | -19 | 0 | 45 | -462 | 472 |
| Profit before tax | 21,565 | 14,446 | 14,051 | 13,766 | 12,712 | 13,887 | 12,367 | 15,736 | 16,945 | 16,093 | 15,847 | 6,415 |
| Tax % | 26% | 26% | 26% | 27% | 22% | 27% | 34% | 25% | 28% | 26% | 31% | 7% |
| Net profit | 16,553 | 10,748 | 11,527 | 10,236 | 9,878 | 9,784 | 8,856 | 11,554 | 12,615 | 11,946 | 13,678 | 6,554 |
| EPS in ₹ | ₹10.92 | ₹8.23 | ₹8.03 | ₹7.90 | ₹8.17 | ₹6.85 | ₹5.82 | ₹7.79 | ₹8.58 | ₹7.96 | ₹8.60 | ₹9.46 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 31 December 2023, filed with NSE on 12 February 2024: the result statement. All of Oil & Natural Gas Corporation Ltd.'s results: NSE company page.
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