ONGC declares Q3 FY25 Results: Posts Net Profit of Rs 8,240 Crore
The standalone crude oil production (excluding condensate) during Q3 FY 25 was 4.653 MMT, registering a growth of 2.2% over corresponding quarter of FY 24.
New Delhi, 31 January 2025: Oil & Natural Gas Commission (ONGC) in its 390th meeting held on 31st January, 2025 approved the financial results for third quarter (Q3) of FY 2024-25. The company has reported the reported a 19% year-on-year fall in its December quarter consolidated net profit at Rs 8,622 crore versus Rs 10,703 crore posted in the year ago period.
If we see the production performance the company has been able to maintain the increasing trend in crude oil production for two consecutive quarters. The standalone crude oil production (excluding condensate) during Q3 FY 25 was 4.653 MMT, registering a growth of 2.2% over corresponding quarter of FY 24. Similarly, the standalone crude oil production during 9M FY25 was 13.858 MMT with an increase of 1.2% over 9M FY24. In Dec 2024, the growth in standalone crude oil production was 5.4% over Dec 2023.
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Read Also : ONGC declares 2nd interim dividend of Rs 5.00 per share
Financial Performance (Standalone)
|
Q3 |
9M |
FY’24 |
|||||
|
FY’25 |
FY’24 |
% Var |
FY’25 |
FY’24 |
% Var |
||
|
Gross Revenue (Rs Crore) |
33,717 |
34,788 |
(3.1) |
1,02,864 |
1,03,765 |
(0.9) |
1,38,402 |
|
Net Profit (Rs Crore) |
8,240 |
9,892 |
(16.7) |
29,162 |
30,657 |
(4.9) |
40,526 |
|
Crude Oil Price-Nominated |
|||||||
|
Realization (US$/bbl) |
72.57 |
81.13 |
(10.6) |
77.98 |
80.76 |
(3.4) |
80.77 |
|
Realization (Rs/bbl) |
6,130 |
6,755 |
(9.3) |
6,542 |
6,680 |
(2.1) |
6,687 |
|
Crude Oil Price-JV |
|||||||
|
Realization (US$/bbl) |
72.59 |
76.44 |
(5.0) |
76.70 |
75.55 |
1.5 |
75.91 |
|
Realization (Rs/bbl) |
6,131 |
6,365 |
(3.7) |
6,435 |
6,249 |
3.0 |
6,284 |
|
Gas Price |
|||||||
|
APM Price on GCV basis ($/mmbtu) |
6.50 |
6.50 |
- |
6.50 |
6.57 |
(1.1) |
6.55 |