Ongc q3 results 2023 dividend

Adjusting for the statutory levies, the topline grew 15.4% YoY to Rs 1.46 lakh crore. Consolidated operating margin contracted to 10.58% from 11.94% a year ago. The debt-to-equity ratio was 0.44 times as of December-end, compared with 0.38 times a year ago. Ahead of its earnings, shares of the oil explorer ended 0.2% higher on the National Stock Exchange at Rs 148.45. The stock has bucked the benchmark index, having gained a little over 1% so far in 2023. The Nifty 50 on the other hand, has fallen by about 1%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

Oil and Natural Gas Corporation (ONGC) announced its Q4FY23 results on May 26, reporting a consolidated net profit of ₹5,701 crore, down 53 per cent, compared to ₹12,061 crore in the corresponding period last year. The state-run petroleum giant's revenue from operations during the January-March quarter stood at ₹164,066.72 crore, registering a growth of five per cent, compared to ₹155,946.99 crore in the year-ago period. The company's board declared a final dividend of ₹0.5 per equity share of the face value of ₹5 each (10 per cent) for the financial year 2022-23, upon the approval of shareholders. ONGC has paid the highest ever total dividend for FY23 at 225 per cent (Rs.11.25 per share of face value ₹5 each) with a total payout of Rs. 14,153 crore. This includes the interim dividend of 215 per cent (Rs. 10.75 per share), which was paid during the year and the final dividend of 10 per cent (Rs.0.50 per share) which has been recommended by the board on May 26. Also Read: On the operating front, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) during Q4FY23 came in at ₹20,996.73 crore, down 14.57 per cent year-on-year, over higher cost of material consumed. During the quarter and year ended March 31, 2023, the company has provided Rs. 12,107 crore towards disputed taxes of ST/GST on royalty for the period from April 1, 2016 to March 31, 2023 together with interest. In terms of production, the total crude oil output during the March quar...

ONGC Ltd on February 14 reported a standalone profit of Rs 11,045 crore for the third quarter ended December 2022 (Q3FY23), registering a growth of 26 percent over the Rs 8,764 crore profit it registered in the year-ago period. Compared to the September quarter, the profit was down 14 percent from Rs 12,826 crore. Standalone revenue for the state-run oil and gas major surged 36 percent to Rs 38,583 crore from Rs 28,473 crore in the year-ago period. On a sequential basis, the revenue was flat with a marginal gain of one percent from Rs 38,321 crore. “Uncertainties and constraints across the global supply chain due to the Russia-Ukraine conflict have adversely affected the production of crude oil and gas”, the company said in its earnings release. Significant peaks in energy prices and political stands of different nations in the aforementioned matter have impacted energy productivity, affordability, and cost inflation, besides the lingering aftermath of the restrictive conditions due to the COVID pandemic, the company added. Also Read: ONGC to reverse oil, gas output decline; sees 18% jump in production in FY25 The growth in revenue and earnings was driven largely by a surge in APM gas prices compared to last year, but it was negated partially by a muted growth in volumes for both oil and gas businesses. The crude oil (nominated) realisation for the quarter stood at $87.13 per barrel which is higher by 15.1 percent compared to the realisation of $75.73 per barrel during the...

India’s top oil explorer Oil and Natural Gas Corporation reported a 26% rise in its third-quarter profit, helped by higher crude and gas prices. The state-run company’s profit came in at 110.45 billion rupees ($1.33 billion) for the quarter ended Dec. 31 compared to 87.64 billion rupees a year earlier. India in September raised the price of locally produced gas by 40% to a record $8.57 per million metric British thermal units. The gas prices nearly tripled from a year ago. The crude oil realisation per barrel was up 15.1% at $87.13 compared to $75.73 a year earlier, while the realisation as per joint venture was up 12.2% at $84.99. Demand for crude and natural gas remained higher as economic activity picked up post-pandemic, driving revenue from operations up 35.5% to 385.83 billion rupees. However, total crude oil production fell 1% to 5.396 million metric tonnes (MMT) while total gas production dropped 3.8% from a year earlier, the company said in an exchange filing. "Uncertainties and constraints across the global supply chain due to the Russia-Ukraine conflict have adversely affected the production of crude oil and gas," the company said. Oil India Ltd, another state-run oil explorer also reported a better-than-expected jump in third-quarter profit last week, helped by increased production and better price realisation. Also Read:

• • • • • • • • • • • • About ONGC Share Dividend 2023 Record Date The state-owned oil and natural gas company has fixed February 24, 2023 as the Record Date for the purpose of determining the eligibility of shareholders for the payment of the second interim Dividend. “In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Frday. People Also Read: Oil India Dividend Record Date 2023: Oil India Limited – a state-owned oil production and exploration company – on Frday announced an interim dividend to its shareholders for the financial year 2022-23 (FY23) along with its October-December quarter earnings for the current fiscal. “The Board of Directors declared a Second Interim Dividend of Rs10/- per share (100% paid-up capital) for the financial year 2022-23. People Also Read: Disclaimer Statement: This article was written by someone else. Their opinions are their own and not necessarily those of Nashikcorporation.in or NC. NC doesn't guarantee or endorse anything in this article, so please make sure to check that the information is accurate and up-to-date. NC doesn't provide any warranties about this article. You can also report this using our contact us form. Disclaimer: The information on this website is collected from various sources and we cannot be held responsible for its accuracy. Please verify the information yourself before relying on it. This website is not the official website of any Municipal Corporation. This Blog/W...

The corporation’s revenue from operations rose to Rs 38,583 crore in the December quarter, a hike of 35.5 percent jump as compared to Rs 28,473 crore in the same quarter a year ago. The rise in the net profit and revenue of the ONGC was mainly due to the higher prices of gas under the administered price mechanism (APM).