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ONGC Q2FY20 earnings today: Here’s what to expect

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ONGC Q2FY20 earnings today: Here’s what to expect

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State-owned Oil and Natural Gas Corporation (ONGC) will release its second quarter results on Thursday. Here's what to expect:

State-owned Oil and Natural Gas Corporation (ONGC) will release its second quarter results on Thursday.

Here's what to expect:
  • Topline to decline by 6 percent and come in at Rs 25,074 crore.
  • Earnings before interest, taxes, depreciation, and amortization (Ebitda) should fall by 11 percent.
  • Operating profit margins should see a contraction of almost 330 basis points.
  • Profit to be around Rs 6,298 crore.
  • Crude realizations seen to decline almost 15 percent on a year-on-year basis and 8 percent on sequential basis, to come in at $61.7 per barrel.
  • Oil production expected to remain flat on quarter-on-quarter basis, while gas production is likely to decline 3 percent.
  • Oil sales are expected to decline 3 percent on YoY basis, while gas sales are expected to increase by 4 percent YoY.
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