ONGC's Q4FY18 standalone net profit rises 36.29% yoy to Rs5,915.12cr : Misses Estimates

The company’s standalone revenue stood at Rs23,969.83cr, up 10.39% yoy.

May 30, 2018 05:05 IST India Infoline Research Team

Oil & Natural Gas Corpn Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 23,969.83 10.4
EBITDA 8,346.37 89.1
EBITDA Margin (%) 34.8 1,449
Net Profit (adjusted) 5,915.12 36.3
***EBITDA margin change is bps


Reco. Price


Last updated on


Oil and Natural Gas Corporation (ONGC) reported Q4FY18 results with higher net profit but missed the street estimates. Revenue from operations grew by 10.4% yoy to Rs23,969.83cr against Rs21,714.02cr in Q4FY17. EBITDA stood at Rs8,346.37cr, up 89.1% yoy against Rs4,414.32cr in Q4FY17. EBIDTA margin expanded by ~1,449bps yoy to 34.8%. Net Profit stood at Rs5,915.12cr with 36.3% yoy growth against Rs4,340.18cr last year, missing the consensus estimate.

• ONGC made 12 discoveries in FY18. Of the 12 discoveries, 6 discoveries were made in onland (Nominaton-5, NELP-1) and 6 in offshore (Nomination-6, NELP- NIL). Out of 6 onland discoveries, 2 discoveries were monetized during the year itself.
• Total crude oil production decreased by 3% yoy to 6.201MMT in Q4FY18.
• ONGC’s overseas arm, ONGC Videsh registered increase in production of oil and gas by 10.63% with net production of 14.164MMTOE in FY18, as compared to 12.803MMTOE in FY17.
• The Board has recommended a final dividend of Rs1.35 per equity share of Rs5 each for FY18.

Technical View:

Oil & Natural Gas Corpn Ltd is currently trading at Rs. 173.95, down by 1.5 points or 0.85% from its previous closing of Rs. 175.45 on the BSE.
The scrip opened at Rs. 176 and has touched a high and low of Rs. 178.30 and Rs. 172.75 respectively. So far 1,30,81,072 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

Related Story