(BS)
Oil and Natural Gas Corporation (ONGC) reported 15.09% decline in standalone net profit to Rs 8,938.10 crore in Q1 FY25 as compared with Rs 10,526.78 crore in Q1 FY24. Revenue from operations increased 4.29% YoY to Rs 35,266.38 crore in Q1 FY25. Profit before tax (PBT) fell 14.87% YoY to Rs 11,956.12 crore during the quarter.
The companys net crude oil realization was $83.05 per barrel (up 8.8% YoY) while gas price realization was $6.50 per mmtbu (down 3.1% YoY) during the period under review. During the quarter, crude oil production fell 1.4% year on year to 5.237 million metric tonnes (MMT) and gas production was 5.008 billion cubic metre (BCM), (down 4.1% YoY).
On consolidated basis, the companys net profit declined 42.8% YoY to Rs 10,235.64 crore in Q1 FY25. Revenue from operations rose 1.68% to Rs 1,66,576.75 crore in Q1 FY25 as compared with Rs 163,823.59 crore in Q1 FY24.
