ONGC Announces Quarterly Results (3QFY20); Net Profit Down 49.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ONGC Announces Quarterly Results (3QFY20); Net Profit Down 49.8%
Wed, 19 Feb

ONGC has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

ONGC Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m276,941244,926237,101-3.2%-14.4%
Other incomeRs m22,24626,85314,025-47.8%-37.0%
TurnoverRs m299,187271,780251,126-7.6%-16.1%
ExpensesRs m137,976128,005131,2942.6%-4.8%
Gross profitRs m138,965116,922105,807-9.5%-23.9%
DepreciationRs m34,77446,57453,58215.0%54.1%
InterestRs m5,8076,8186,264-8.1%7.9%
Profit before taxRs m120,63090,38359,986-33.6%-50.3%
TaxRs m38,00327,75218,469-33.4%-51.4%
Profit after taxRs m82,62762,63141,516-33.7%-49.8%
Gross profit margin%50.247.744.6
Effective tax rate%31.530.730.8
Net profit margin%27.623.016.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 14.4% on a year-on-year (YoY) basis. The expenses were down by 4.8% YoY during the same period.
  • The company's operating profit declined by 23.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 44.6% in 3QFY20 as against 50.2% in 3QFY19.
  • Depreciation charges increased by 54.1% and finance costs increased by 7.9% YoY, respectively.
  • Other income declined by 37.0% YoY during the quarter.
  • Net profit for the quarter declined by 49.8% YoY. Net profit margins during the quarter declined from 27.6% in 3QFY19 to 16.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.6% QoQ during the same period.
  • The company's operating profit declined by 9.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 44.6% in 3QFY20 as against 47.7% in 2QFY19.
  • Net profit for the quarter declined by 33.7% QoQ, while net profit margins declined from 23.0% in 2QFY19 to 16.5% in 3QFY20.

To see how ONGC has performed over the last eight quarters,please visit here.

FREE WebSummit: Is Gold Set to Hit Rs 75,000?

ONGC Share Price Performance

Over the last one year,ONGC share price has moved down from Rs 139.0 to Rs 100.7, registering a Loss of Rs 38.4 or around 27.6%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,946.5 (up 1.2%). Over the last one year it has moved up from 13,119.4 to 13,946.5, a gain of 827 points (up 6.3%).

Overall, the S&P BSE SENSEX is up 16.2% over the year.

Current Valuations

At the current price of Rs 100.7, the price to earnings (P/E) ratio of ONGC stands at 6.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

Equitymaster requests your view! Post a comment on "ONGC Announces Quarterly Results (3QFY20); Net Profit Down 49.8%". Click here!

  

Related Views on News

ONGC Announces Quarterly Results (1QFY20); Net Profit Down 3.9% (Quarterly Result Update)

Aug 26, 2019 | Updated on Aug 26, 2019

For the quarter ended June 2019, ONGC has posted a net profit of Rs 59 bn (down 3.9% YoY). Sales on the other hand came in at Rs 266 bn (down 2.4% YoY). Read on for a complete analysis of ONGC's quarterly results.

ONGC 2018-19 Annual Report Analysis (Annual Result Update)

Aug 7, 2019 | Updated on Aug 7, 2019

Here's an analysis of the annual report of ONGC for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of ONGC. Also includes updates on the valuation of ONGC.

ONGC Announces Quarterly Results (4QFY19); Net Profit Down 31.6% (Quarterly Result Update)

Jun 3, 2019 | Updated on Jun 3, 2019

For the quarter ended March 2019, ONGC has posted a net profit of Rs 40 bn (down 31.6% YoY). Sales on the other hand came in at Rs 268 bn (up 11.6% YoY). Read on for a complete analysis of ONGC's quarterly results.

ONGC 2017-18 Annual Report Analysis (Annual Result Update)

Dec 19, 2018 | Updated on Dec 19, 2018

Here's an analysis of the annual report of ONGC for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ONGC. Also includes updates on the valuation of ONGC.

More Views on News

Most Popular

What the RBI's Rate Cut Means for Options Traders(Fast Profits Daily)

May 25, 2020

The RBI governor has cut the repo rate to 4%. What does this mean for options traders? Find out in this video.

How Commodity Prices Tell You When Stocks Will Go Up(Fast Profits Daily)

May 20, 2020

Commodity prices often provide clues to big moves in stock markets. In today's video, I'll explain this link.

This 'Essential Product' Smallcap is a Must Have for a 'Covid-19' Immune Portfolio(Profit Hunter)

May 19, 2020

This smallcap company needs no stimulus measures to do well in the long term.

Which Stocks Should You Buy, Sell, and Hold in the Market Today?(Profit Hunter)

May 21, 2020

The coronavirus led uncertainty refuses to go away from the markets. Here's what retail investors should do with their stocks...

More

Get Rich as the
Market Rebounds from Covid-19

Coronavirus Rebound
Get this special guide, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

ONGC SHARE PRICE


May 27, 2020 (Close)

TRACK ONGC

COMPARE ONGC WITH

MARKET STATS