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.