Oil and Pure Gasoline Corp.’s fourth-quarter revenue took a beating attributable to greater bills.
The standalone web revenue of the state-owned oil large tanked practically 22% to Rs 6,448 crore, in comparison with Rs 8,240 crore within the previous quarter, in line with monetary outcomes launched on Wednesday.
The bottomline is way decrease than the Bloomberg analysts’ consensus estimate of Rs 8,810 crore.
Income from operations elevated 3.8% to Rs 34,982 crore, whereas bills rose 16% to Rs 28,289 crore.
ONGC This autumn FY25 Outcomes Highlights (Standalone, QoQ)
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Income up 3.8% to Rs 34,982 crore versus Rs 33,717 crore (Bloomberg estimate: Rs 33,709 crore)
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Ebitda down 0.3% to Rs 19,007.5 crore versus Rs 19,057 crore (Bloomberg estimate: Rs 17,974 crore)
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Margin at 54.3% versus 56.5% (Bloomberg estimate: 53.3%)
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Web Revenue down 21.7% to Rs 6,448 crore versus Rs 8,240 crore (Bloomberg estimate: Rs 8,810 crore)
The board really helpful a last dividend of Rs 1.25 per share for FY25, topic to approval of shareholders on the ensuing Annual Normal Assembly of the corporate. The dividend can be paid inside 30 days from the date of its declaration. The report date can be intimated sooner or later individually.
Shares of ONGC closed 0.2% decrease at Rs 248.75 on the BSE, in comparison with a 0.5% achieve within the benchmark Sensex. The inventory has fallen 11% within the final 12 months and risen 4% to date this 12 months.
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