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    ONGC Declares Results For Q2 FY’20, Posts Net Profit Of Rs. 6,263 crore

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    By on INTERNATIONAL, Media Monitoring

    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:

    1. Financial Performance (Standalone)
      Q2 H1 Actual

    FY’19
    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

     

    1. 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
    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
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