ONGC declares results for Q1 FY’20: Posts Net Profit of ` 5,904 crore.
records 3.7% increase in Gas Production Q-o-Q
1. Financial Performance (Standalone)
|
Particulars |
Q1 |
Q1 |
% |
FY’19 |
|
Gross Revenue (₹ Crore) |
26,555 |
27,213 |
(2.4) |
1,09,655 |
|
Net Profit (₹ Crore) |
5,904 |
6,144 |
(3.9) |
26,716 |
|
Crude Oil Price-Nominated |
||||
|
Net Realization (US$/bbl) |
66.30 |
71.49 |
(7.3) |
68.19 |
|
Net Realization (₹/bbl) |
4,612 |
4,792 |
(3.8) |
4,766 |
|
Crude Oil Price-JV |
||||
|
Realization (US$/bbl) |
66.78 |
67.97 |
(1.8) |
65.97 |
|
Realization (₹/bbl) |
4,645 |
4,556 |
2.0 |
4,611 |
|
Gas Price |
||||
|
Price on GCV basis($/mmbtu) |
3.69 |
3.06 |
20.6 |
3.21 |
2. Financial Performance (Consolidated)
|
Particulars |
Q1 |
Q1 |
% |
FY’19 |
|
Gross Revenue (₹ Crore) |
1,09,515 |
1,10,367 |
(0.8) |
4,53,461 |
|
Net Profit (₹ Crore) |
7,043 |
9,318 |
(24.4) |
33,887 |
|
Net Profit (₹ Crore) – attributable to owners |
6,694 |
8,287 |
(19.2) |
30,495 |
3. Production Performance
|
Particulars |
Q1 |
Q1 |
% |
FY’19 |
|
Crude Oil–ONGC (MMT) |
4.792 |
5.027 |
(4.7) |
19.626 |
|
Crude Oil–JVs (MMT) |
0.714 |
0.809 |
(11.7) |
3.120 |
|
Condensate (MMT) |
0.363 |
0.380 |
(4.5) |
1.485 |
|
Total Crude Oil (MMT) |
5.869 |
6.216 |
(5.6) |
24.231 |
|
Gas – ONGC (BCM) |
6.148 |
5.925 |
3.8 |
24.747 |
|
Gas – JVs (BCM) |
0.272 |
0.268 |
1.5 |
1.063 |
|
Total Gas (BCM) |
6.420 |
6.193 |
3.7 |
25.811 |
|
Value Added Products (KT) |
917 |
867 |
5.8 |
3,641 |
4. Exploratory Performance
ONGC has made 4 discoveries (3 prospects and 1 pool) in Q1 FY’20. The details of latest discovery made subsequent to the last press release on 30.05.2019 is as under:
SD-12(SDAG) in Sundalbari-Agartala Dome PML,West Tripura
Exploratory well SD-12(SDAG) flowed gas @ 1,14,000 m3/day. This is the first Middle Bhuban sand that has been established in the Sundalbari field and opens up a new play for exploration which will give incentive for targeting deeper prospects in this area.