ONGC posts ₹8,856 crore profit in Q4 FY25

State-run ONGC reported a 20 per cent year-on-year (y-o-y) decline in its consolidated web revenue to ₹8,856 crore throughout This fall FY25, largely attributable to falling oil and gasoline costs coupled with practically flat manufacturing.

The exploration and manufacturing (E&P) main’s consolidated gross income fell marginally on an annual foundation to ₹1.70 lakh crore throughout the March quarter of the final fiscal 12 months.

For FY25, ONGC’s consolidated web revenue fell by 30.7 per cent y-o-y to ₹38,329 crore. Consolidated income for the interval rose by 1.5 per cent to ₹6.63 lakh crore.

The whole dividend for FY25 will likely be 245 per cent (₹12.25 per share), with a complete payout of ₹15,411 crore, ONGC mentioned.

This contains an interim dividend of 220 per cent (₹11 per share) already paid throughout the 12 months and a ultimate dividend of 25 per cent (₹1.25 per share) really useful by the Board, it added.

The ONGC Board additionally accredited extending company assure help of as much as ₹20,000 crore to lenders, in a number of tranches, for ONGC Petro Additions Ltd (OPaL), together with for debt refinancing.

“OPaL has taken varied measures to enhance profitability, which embody revision of capital construction, exit from the SEZ space, discount in enter prices, optimisation of product combine, and mortgage restructuring,” it mentioned in a submitting with the BSE.

Operational metrics

ONGC’s standalone crude oil manufacturing throughout FY25 stood at 18.558 million tonnes (mt), a rise of 0.9 per cent over FY24. Standalone pure gasoline manufacturing was marginally decrease at 19.654 billion cubic metres (bcm) in FY25, in comparison with 19.978 bcm in FY24.

The Maharatna firm declared a complete of 9 discoveries (5 onshore and 4 offshore) throughout FY25 in its operated acreages. Of those, seven are prospects and two are new pool discoveries. It monetised eight hydrocarbon discoveries throughout the 12 months.

ONGC drilled 578 wells — the very best prior to now 35 years — comprising 109 exploratory and 469 growth wells.

The agency’s web oil value realisation fell 4.8 per cent y-o-y to a mean of $76.90 per barrel in FY25. In This fall FY25, the online realisation dropped 8.8 per cent y-o-y to a mean of $73.72 per barrel. The gasoline value throughout This fall and FY25 remained unchanged at $6.5 per million British thermal models (mmBtu).

ONGC invested round ₹62,000 crore as capex in FY25, together with ₹18,365 crore in OPaL and ₹4,600 crore in ONGC Inexperienced for the acquisition of PTC Power and Ayana Renewables, the agency mentioned.

ONGC’s abroad arm, ONGC Videsh (OVL), recorded a marginal 1.2 per cent y-o-y enhance in oil manufacturing at 7.265 mt, pushed by robust contributions from key operated/collectively operated belongings, particularly MECL and CPO-5 in Colombia, and GPOC and SPOC in South Sudan, regardless of geopolitical headwinds, pure decline, and native points.

Fuel manufacturing moderated to three.013 bcm in FY25 from 3.340 bcm in FY24, primarily as a result of finish of manufacturing life in Block 06.1 in Vietnam.

Whole oil and gasoline manufacturing in FY25 was decrease at 10.278 million tonnes of oil equal (mtoe) in comparison with 10.518 mtoe in FY24.

Printed on Could 22, 2025