About the Company:
Oil and Natural Gas Corporation is an Indian multinational energy company, headquartered in Delhi. It is a Maharatna company and a 70% contributor to 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 third quarter of fiscal year ending December 2019.
- QoQ Performance: Consolidated Net sales/ revenue of the company recorded to Rs.109443.39 crores, up by 7.77% in the December quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.93787.93 crores, is increased by 9.20%. EBITDA numbers marginally up by 0.26%.
- YoY Performance: The Company has reported a 6.70% decrease in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company have dropped by 6.03%.
- Profitability of the company: Net loss of the company landed to Rs.5383.80 crores, declined by 1.87% QoQ and 43.69% YoY.
As per Lokesh Sethia, SEBI Registered, Research Analyst the stock is trading at Rs.100 per share, the company’s had reflecting the weak performance and profit after tax is decreased by 43.69 percent for this quarter. So we recommend it to avoid.
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