• SENSEX
    NIFTY 50
VIDEOS
Earnings

ONGC Q3 Earnings: Net profit likely to decline by 11%

Updated : February 14, 2020 09:59 AM IST

Oil and Natural Gas Corporation (ONGC) is set to reports its December-quarter results on Friday. The third-quarter is expected to be weak for the company.

Here are the key expectations:

  • The revenues are seen to be flat at Rs 24,300 crore.

  • The EBITDA is likely to see a decline of around 4 percent at around Rs 7,430 crore because of low domestic gas prices.

  • Operating profit margins could decline by 230 basis points (bps).

  • Net profit is expected to decline by 11 percent.

  • Oil production is expected to decline 1 percent sequentially and 4 percent on a year-on-year (YoY) basis.

  • The gas production is expected to see a steeper decline of 8 percent on a YoY basis across all the fields.

  • In terms of realisations, as far as the oil realisation is concerned, the analysts are expecting some bump-up as, on a quarter-on-quarter (QoQ) basis, the crude prices were moving up. The realisations are expected at $62.7 per barrel versus $0 per barrel seen in last quarter.

  • In terms of sales, the street is expecting oil sales to decline again at 3 percent on a YoY basis and 4 percent on a sequential basis. Gas sales are also expected to decline on a YoY basis, however, in terms of a sequential basis, some uptick might be seen.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV
Advertisement