- ONGC’s net income for the third quarter was 82.4 billion rupees, missing the estimated 98.64 billion rupees and decreasing by 17% year-over-year.
- The company reported a revenue of 337.2 billion rupees, which fell by 3.1% year-over-year but surpassed the estimate of 322.54 billion rupees.
- Total costs decreased by 4.1% compared to the previous year, amounting to 245.3 billion rupees.
- Finance costs increased by 4.9% year-over-year, totaling 10.7 billion rupees, which was below the estimated 12.71 billion rupees.
- Other income saw a significant decline of 47% year-over-year, totaling 18.1 billion rupees.
- Declared a dividend of 5 rupees per share for the quarter.
- Approved the acquisition of 11.5 million shares of Mangalore SEZ Ltd. from IL&FS, for a total of 561.1 million rupees.
- Analyst recommendations include 20 buys, 5 holds, and 5 sells for ONGC shares.
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 Corporation Limited, a company specializing in crude oil and gas exploration and production, is positioned favorably for long-term success based on its Smartkarma Smart Scores. With top scores in both Value and Dividend, the company demonstrates strong fundamentals and a commitment to rewarding its investors. Additionally, moderate scores in Growth, Resilience, and Momentum indicate a steady performance trajectory for the company.
Overall, Oil and Natural Gas Corp’s high scores in Value and Dividend highlight its stability and attractiveness for investors seeking reliable returns. While not scoring as high in Growth, Resilience, and Momentum, the company’s diversified activities, including deep-sea explorations and coal bed methane projects, position it well for sustained growth and resilience in the volatile energy market.
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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