ONGC Q1 Results Date, Time: Oil and Natural Gas Corporation (ONGC) is set to announce its financial results for the first quarter of FY25 on August 5, 2024. The announcement is highly anticipated by investors and market analysts as it will provide crucial insights into the company’s performance over the past three months. The exact time for the release of ONGC’s Q1 results has not been specified.
ONGC has a market capitalisation of Rs 4,15,337.92 crore. Over the past 52 weeks, the share price has reached a high of Rs 344.60 and a low of Rs 171.60.
ONGC Q1 Results: Where to Watch?
-Company Website: ONGC will publish its Q1 results on its official investor relations page. Interested parties can access the detailed press release and financial statements by visiting ONGC Investor Relations.
-Stock Exchanges: As a publicly listed entity, ONGC will also disclose its results through major stock exchanges. Investors can check the official websites of Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for updates.
-Conference Call: ONGC is expected to host a conference call with analysts and investors following the results announcement. The details for joining the live audio webcast will be provided on the company’s investor relations page.
-Financial News Platforms: Major financial news websites, including financialexpress.com and media platforms will cover the results and provide summaries and expert analyses.
ONGC Q1 Result Expectations
Analysts at Elara Securities anticipate a 20% year-on-year decline in ONGC’s EBITDA for Q1 FY25, attributing this drop to reduced oil and gas production as well as increased windfall taxes. The firm projects a revenue of Rs 34,846.10 crore, with EBITDA expected to be Rs 15,472.90 crore. Adjusted net profit is forecasted to reach Rs 8,288.80 crore.
Meanwhile, analysts at Kotak Institutional Equities project that ONGC’s EBITDA is likely to decline by approximately 6% quarter-on-quarter due to lower net oil realization and reduced oil production. Their model estimates that overall crude oil sales volumes will be 4.6 million metric tons, down 2% from the previous quarter and 3% year-on-year. Natural gas sales volumes are expected to be 3.8 billion cubic meters, representing a 0.5% decrease quarter-on-quarter and a 7% decline year-on-year. The gross crude oil price realization is forecasted to be $82.8 per barrel, up 2% from the previous quarter, while the net oil price realization, after accounting for royalty, windfall tax, and cess, is anticipated to be $51 per barrel, down 2% quarter-on-quarter. This decrease in net oil price realization is attributed to increased windfall taxes offsetting higher Brent prices.