Oil & Natural Gas Corporation Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
ONGC · price
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ONGC's board approved audited standalone and consolidated results for FY25 on May 21, 2025. Revenue from operations fell marginally to ₹1,37,846 crore from ₹1,38,402 crore in FY24, while profit after tax (PAT) declined about 12% to ₹35,610 crore from ₹40,526 crore. Operating margin compressed to 37.26% from 41.25%, and net profit margin fell to 25.83% from 29.28%, reflecting higher depreciation, finance costs, and exploratory write-offs. EPS for the year stood at ₹28.31 versus ₹32.31 earlier. The board recommended a final dividend of ₹1.25 per share (25% on face value of ₹5), subject to shareholder approval. Additionally, ONGC will extend a corporate guarantee of up to ₹20,000 crore to its subsidiary OPaL for refinancing or raising new debt, and appointed a new Chief Internal Auditor. Auditors gave an unmodified opinion but flagged three emphasis-of-matter items, including an arbitration-related contingent liability of ₹13,915 crore (up from ₹13,538 crore) tied to the Panna-Mukta and Tapti PSC dispute.
Shareholders will see a modest final dividend of ₹1.25 per share, but the year-on-year decline in profit and margins may weigh on sentiment in the near term. The ₹20,000 crore guarantee to subsidiary OPaL increases ONGC's contingent support to a loss-making petrochemical unit, though the company's overall debt-equity ratio remains very low at 0.03 and operating cash flow is healthy at ₹73,010 crore.