- ONGC’s net income for the second quarter was 102.1 billion rupees, which was a 20% decrease year on year.
- The estimated net income was higher, at 111.45 billion rupees, indicating that ONGC missed the estimates.
- Total revenue for the period was 351.6 billion rupees, marking an 8.2% decrease year on year.
- The estimated revenue was 360.18 billion rupees, meaning the company also fell short in this area.
- The total costs incurred by ONGC in the second quarter amounted to 237.8 billion rupees, a 6.7% decrease compared to the previous year.
- The finance cost for the period was 10.2 billion rupees, a significant 52% increase year on year.
- This was higher than the estimated finance cost of 8.74 billion rupees, based on two estimates.
- Other income for the quarter was 20.9 billion rupees, a 41% decrease year on year.
- The dividend per share for the quarter was 5.75 rupees.
- Looking at the market, there were 20 buys, 4 holds, and 4 sells recorded for ONGC.
A look at Oil & Natural Gas Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.4 |
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 (ONGC) has a long-term outlook that is positive according to the Smartkarma Smart Scores. ONGC specializes in the exploration and production of crude oil and gas, with joint ventures in oil fields in various countries. The company has a score of 5 for Value, Dividend and Growth, indicating a strong outlook for the future. Its score of 4 for Momentum indicates an increasing trend in performance. The score of 3 for Resilience shows that the company is slightly more vulnerable to external factors compared to its counterparts.
Overall, ONGC has a positive outlook for the long-term. The company’s scores for Value, Dividend and Growth indicate a strong performance, while its score for Momentum points to an increasing trend. The score for Resilience is slightly lower, but it is still a sign that the company is in a good position to weather any external factors.
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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