ONGC is expected to release its December-2018 quarter results today. In terms of major numbers, revenues expected to decline by around 3 percent, the EBITDA is also expected to decline by around 4.5 percent and Rs 15,000 crore odd. The operating profit margin also will see a slight decline at 55.4 percent.
The profit after tax is expected to decline by around 11 percent odd.
Net realization is expected to decline by around 9 percent sequentially due to falling crude oil prices, and is expected to increase by around 10 percent on a year-on-year (YoY) basis at USD 66.5 per bbl.
Oil production is also expected to decline both on sequential and on YoY basis. Gas production will see positive pattern, it’s expected to increase by 4 percent and 5 percent sequentially and on YoY basis.