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Earnings

ONGC Q1 earnings today: What you should watch out for

Updated : August 14, 2019 03:12 PM IST

Oil and Natural Gas Corporation (ONGC) will report its June-quarter earnings on Tuesday and analysts expect the company to report a good set of results because of higher crude prices.

  • Revenues are expected to rise by around 5 percent. EBITDA also should increase by 20 percent and should come in at Rs 14,820 crore and operating profit margins should rise by around 600 basis points (bps) and profit after tax (PAT) should increase by 68 percent.

  • EBITDA growth is seen on the back of higher crude realisations with crude at USD 69 per barrel. It is a big bump up on a quarter-on-quarter (QoQ) basis.

  • In terms of sales volumes, a decline in the oil sales volume is expected by around 3 percent but the natural gas sales volumes are expected to increase by 10 percent on a year-on-year (YoY) basis. 
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