ONGC Q2 results FY25 reported a 38.90% year-on-year fall in the consolidated net profit. On the ONGC results date which was November 11, 2024, the ONGC share price was at ₹256.90. On November 12, 2024, ONGC share price closed at ₹256.15.
ONGC Q2 Results FY25: Key Highlights
- ONGC Q2 results pointed out that on a consolidated basis, ONGC’s Revenue grew by 7.3% to ₹1,58,329 crores and ONGC Q2 profit (net) fell 38.90% to ₹9,878 crores.
- Operating margins declined by 608 bps to 12.94%.
- Crude oil price realization from ONGC’s nominated fields was $78.33 a barrel compared to $84.84 in the previous year.
- Its crude production increased 0.7% from last year at 4.576 million metric tonnes (MMT). Gas production however was down 2.1% at 4.912 BCM, the company said in an ONGC quarter result release.
- ONGC share price generated negative returns of 0.3% in the last 1 day (as on November 12, 2024).
ONGC Q2 Results: Expansion
Oil and Natural Gas Corporation Ltd opened three oil wells of A-field of deepwater block KG-DWN-98/2 on October 30, 2024, thereby enhancing total oil production to about 25,000 BOPD from eight flowing wells of cluster-II. The company plans to open the remaining five oil wells shortly.
ONGC Q2 Results: Interim Dividend
Oil and Natural Gas Corporation Ltd declared a first interim dividend of ₹6 per share with a face value of ₹5 each. The record date has been set for Wednesday, November 20, 2024.
Highlighting the ONGC share price performance, it has generated a negative return of 4.21% in the last 1 week (as on November 12, 2024). Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.
References
https://www.smctradeonline.com/research/equity-analysis/242
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