About the Company:
Oil and Natural Gas Corporation is an Indian multinational energy company, headquartered in Delhi. It is a maharatna company, and 70% contributor of crude oil in India. The derive products of crude oil are Petrol, Diesel, Kerosene, Naphtha, and Cooking Gas-LPG. ONGC's wholly-owned subsidiary ONGC Videsh Limited is the biggest Indian multinational, with 41 Oil & Gas projects in 20 countries.
QoQ & YoY Performance:
India’s major oil & gas Company has declared the results for the second quarter of fiscal year ending March 2020.
- QoQ Performance: Consolidated Net sales/ revenue of the company recorded to Rs. 101,554.26 crores, down by 7.27% in the September quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.85,555.64 crores, is dropped by 7.63%. EBITDA numbers declined by 4.34%.
- YoY Performance: The Company has reported a 10.50% decrease in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company have dropped by 9.25%.
- Profitability of the company: Net profits of the company landed to Rs.5486.55 crores, declined by 22.10% QoQ and 37.16% YoY.
As per Lokesh Sethia, SEBI Registered, Research Analyst the stock is trading at Rs.136.25 per share, the company’s had reflecting the weak performance and tax paid is increased by 49 percent for this quarter. So we recommend it to avoid.