
- ONGC reported a revenue of 320.02 billion rupees for the first quarter, slightly below the estimated 321.59 billion rupees.
- Net income for the quarter was 80.24 billion rupees, narrowly missing the expected 80.74 billion rupees.
- Total costs incurred for the quarter amounted to 224.69 billion rupees.
- Finance costs came in at 11.20 billion rupees, which was lower than the forecasted 11.93 billion rupees.
- ONGC’s additional income for the period reached 12.10 billion rupees.
- The company achieved an operating margin of 37.1% during the first quarter.
- The consensus recommendation for ONGC includes 20 buy ratings, 4 hold ratings, and 5 sell ratings.
A look at Oil & Natural Gas Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Oil and Natural Gas Corp, a company specializing in oil and gas exploration and production, is poised for a bright future according to Smartkarma’s Smart Scores. With top scores in both Value and Dividend, indicating strong financial health and investor returns, respectively, the company appears to be a solid choice for long-term investment. While Growth, Resilience, and Momentum scores are slightly lower, they still reflect a stable and promising outlook for Oil and Natural Gas Corp.
Oil and Natural Gas Corporation Limited, with its diversified portfolio including joint ventures in various oil fields worldwide and engagement in deep-sea explorations, is positioned well for sustainable growth and resilience in the energy sector. Despite moderate scores in Growth, Resilience, and Momentum factors, the company’s high rankings in Value and Dividend underscore its attractiveness to potential investors seeking stability and returns in the long run.
### Summary: Oil and Natural Gas Corporation Limited specializes in the exploration and production of crude oil and gas, with operations spanning across various countries and a focus on both conventional and unconventional energy sources. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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