Oil & Natural Gas Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 21, 2025, recommended Final Dividend of Rs. 1.25 per equity share.
ONGC · price
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ONGC's Board has recommended a final dividend of Rs. 1.25 per equity share (25% on face value of Rs. 5) for FY25, subject to shareholder approval. The Board also approved audited standalone and consolidated financial results for FY ended March 31, 2025. Standalone revenue from operations came in at Rs. 1,37,846 crore, marginally lower than Rs. 1,38,402 crore in FY24, while net profit fell about 12% to Rs. 35,610 crore from Rs. 40,526 crore, with EPS at Rs. 28.31 versus Rs. 32.21. The Board approved a corporate guarantee of up to Rs. 20,000 crore for subsidiary ONGC Petro addition Limited (OPaL) to support its debt raising, and appointed Shri Ajit Singh as the new Chief Internal Audit. The company also redeemed Rs. 500 crore of unsecured non-convertible debentures on April 11, 2025.
The final dividend is positive for shareholders and reinforces ONGC's image as a high dividend-paying PSU stock, even as profits declined year-on-year. The Rs. 20,000 crore guarantee for OPaL raises some concern as it exposes ONGC to subsidiary-level debt risk, which investors should watch closely.