Oil & Natural Gas Corporation · NSE: ONGC · BSE: 500312

Q3 FY24 results · Oct–Dec 2023

Oil & Natural Gas Corporation reported revenue from operations of ₹1,65,569.06 crore (down 2.2% from Q3 FY23) and net profit of ₹10,748.46 crore (down 7.9% from Q3 FY23) for Q3 FY24 (Oct–Dec 2023), on a consolidated basis.

Consolidated · ₹ crore
Item	Q3 FY24	Q3 FY23	YoY	Q2 FY24	QoQ
Revenue from operations	1,65,569.06	1,69,212.63	−2.2%	1,46,873.73	+12.7%
Other income	4,059.06	1,828.69	+122.0%	2,514.72	+61.4%
Total income	1,69,628.12	1,71,041.32	−0.8%	1,49,388.45	+13.5%
Profit before share of associates & JVs and tax	14,445.72	14,718.76	−1.9%	21,564.88	−33.0%
Share of profit/(loss) of associates & JVs	70.66	983.21		622.02
Net profit for the period	10,748.46	11,665.24	−7.9%	16,553.32	−35.1%
Attributable to shareholders of the company	10,356.44	11,488.99	−9.9%	13,734.11	−24.6%
EPS, basic (₹)	8.23	9.13	−9.9%	10.92	−24.6%
Net margin (%)	6.5	6.9		11.3

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q3 FY24	Q3 FY23	YoY	Q2 FY24	QoQ
Revenue from operations	34,788.07	38,583.29	−9.8%	35,163.04	−1.1%
Other income	3,400.69	1,411.34	+141.0%	2,085.68	+63.0%
Total income	38,188.76	39,994.63	−4.5%	37,248.72	+2.5%
Profit before tax	12,134.74	14,672.04	−17.3%	13,471.95	−9.9%
Net profit for the period	9,535.67	11,044.73	−13.7%	10,216.32	−6.7%
EPS, basic (₹)	7.58	8.78	−13.7%	8.12	−6.7%
Net margin (%)	27.4	28.6		29.1

Consolidated

Filed with BSE: 12 Feb 2024, 11:30 IST
Board meeting: 10 Feb 2024
Period: 01 Oct 2023 to 31 Dec 2023
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 12 Feb 2024, 11:30 IST
Board meeting: 10 Feb 2024
Period: 01 Oct 2023 to 31 Dec 2023
Review status: Unaudited
Source: XBRL filing on BSE