In its 323rd meeting held on 14th November, 2019, ONGC Board approved the results for Second Quarter (Q2) of FY 2019-20 (FY’20). ONGC registered a net profit of Rs. 6,263 crore on the gross revenue of Rs. 24,493 crore during Q2 FY’20. During this period ONGC produced 5.842 MMT of crude oil and 6.265 BCM of natural gas. Details are as under:
- Financial Performance (Standalone)
| Q2 | H1 | Actual
FY’19 |
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| FY’20 | FY’19 | % Var | FY’20 | FY’19 | % Var | ||
| Gross Revenue (Rs. Crore) | 24,493 | 27,989 | (12.5) | 51,047 | 55,202 | (7.5) | 1,09,655 |
| Net Profit (Rs.Crore) | 6,263 | 8,265 | (24.2) | 12,167 | 14,408 | (15.6) | 26,716 |
| Crude Oil Price-Nominated
|
|||||||
| Realization (US$/bbl) | 60.33 | 73.07 | (17.4) | 63.26 | 72.28 | (12.5) | 68.19 |
| Realization (Rs./bbl) | 4,244 | 5,117 | (17.1) | 4,426 | 4,952 | (10.6) | 4,766 |
| Crude Oil Price-JV | |||||||
| Realization (US$/bbl) | 60.99 | 70.21 | (13.1) | 63.96 | 68.98 | (7.3) | 65.97 |
| Realization (Rs./bbl) | 4,290 | 4,917 | (12.8) | 4,475 | 4,726 | (5.3) | 4,611 |
| Gas Price
|
|||||||
| Price on GCV basis ($/mmbtu) | 3.69 | 3.06 | 20.6 | 3.69 | 3.06 | 20.6 | 3.21 |
- Financial Performance (Consolidated)
| Q2 | H1 | Actual
FY’19 |
|||||
| FY’20 | FY’19 | % Var | FY’20 | FY’19 | % Var | ||
| Gross Revenue (Rs.Crore) | 1,01,554 | 1,13,471 | (10.5) | 2,11,069 | 2,23,838 | (5.7) | 4,53,461 |
| Net Profit (Rs. Crore) | 5,487 | 8,731 | (37.2) | 12,529 | 18,049 | (30.6) | 33,887 |
| Net Profit (Rs.Crore) – attributable to owners | 5,276 | 8,271 | (36.2) | 11,969 | 16,558 | (27.7) | 30,495 |
3.Production Performance
| Q2 | H1 | Actual
FY’19 |
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| FY’20 | FY’19 | % Var | FY’20 | FY’19 | % Var | ||
| Crude Oil – ONGC(MMT) | 4.783 | 4.939 | (3.2)% | 9.574 | 9.966 | (3.9)% | 19.626 |
| Crude Oil – JVs (MMT) | 0.704 | 0.775 | (9.2)% | 1.419 | 1.584 | (10.4)% | 3.120 |
| Condensate (MMT) | 0.356 | 0.364 | (2.2)% | 0.718 | 0.744 | (3.5)% | 1.485 |
| Total Crude Oil (MMT) | 5.842 | 6.078 | (3.9)% | 11.711 | 12.294 | (4.7)% | 24.231 |
| Gas – ONGC (BCM) | 5.969 | 6.130 | (2.6)% | 12.117 | 12.056 | 0.5% | 24.747 |
| Gas – JVs (BCM) | 0.295 | 0.238 | 24.0% | 0.567 | 0.506 | 12.1% | 1.063 |
| Total Gas (BCM) | 6.265 | 6.368 | (1.6)% | 12.684 | 12.561 | 1.0% | 25.810 |
| Value Added Products (KT) | 853 | 930 | (8.3)% | 1,771 | 1,797 | (1.4)% | 3,641 |
