ONGC Results Q1 FY’19: Net Profit INR 6,144 crore, up 58.1% QoQ

Highlights:

  • Gross Revenue INR 27,213 Crore, up 42.7 % QoQ
  • Records 3.4% increase in standalone Natural Gas production
  • Records 12.0% increase in VAP production

In its 309th Meeting held on 2 August 2018, ONGC Board approved the results for First Quarter (Q1) of FY 2018-19 (FY’19) as detailed below:

  • Financial Performance
Particulars Q1 2018-19 Q1 2017-18 % variation FY’18
Gross Revenue (INR Crore) 27,213 19,073 42.7 85,004
Net Profit (INR Crore) 6,144 3,885 58.1 19,945
Crude Oil Price-Nominated
Net Realization (US$/bbl) 71.48 48.42 47.6 55.19
Net Realization (INR/bbl) 4,792 3,121 53.5 3,557
Crude Oil Price-JV
Realization (US$/bbl) 67.97 45.92 48.0 51.47
Realization (INR/bbl) 4,556 2,960 53.9 3,317
Gas Price
Price on GCV basis($/mmbtu) 3.06 2.48 23.4 2.69
  • Production Performance
Particulars Q1 2018-19 Q1 2017-18 % variation FY’18
Crude Oil–ONGC (MMT) 5.028 5.310 (5.3) 20.851
Crude Oil–JVs (MMT) 0.809 0.789 2.5 3.130
Condensate (MMT) 0.380 0.345 10.1 1.454
Total Crude Oil (MMT) 6.217 6.444 (3.5) 25.435
Gas – ONGC (BCM) 5.926 5.729 3.4 23.484
Gas – JVs (BCM) 0.267 0.270 (1.1) 1.126
Total Gas (BCM) 6.193 5.999 3.2 24.610
Value Added Products (KT) 867 774 12.0 3,386

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Disclaimer

This Press Release is intended to apprise the public regarding the highlights of Unaudited Financial Results of ONGC on standalone basis, for the quarter ended 30th June, 2018 approved by the Board of Directors in their meeting held on 02.08.2018, in addition to informing about other major and/or related highlights/developments which in view of the management may be considered as important. These are not to be taken as forward looking statements and may not be construed as guidance for future investment decisions by investors/stakeholders.

 

Issued By:
Oil and Natural Gas Corporation Ltd
Corporate Communications, New Delhi,
Phone: +91-11-26754013
Mail: ongcdelhicc@ongc.co.in