ONGC Q3FY22 Show Examine | Tap is expected to go up five-hundred% of a year ago, revenue to improve 65%

ONGC Q3FY22 Show Examine | Tap is expected to go up five-hundred% of a year ago, revenue to improve 65%


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Petroleum and you can Natural gas Corp (ONGC) is expected so you can witness more than 500 per cent upsurge in their standalone funds immediately after income tax (PAT) compared to the this past year and you may standalone revenues are needed to grow of the 65 percent on-seasons backed by large rough and you will gas prices partly negated from the new lowering of volumes.

With the an excellent every quarter foundation, modified Pat is expected so you can decline from the cuatro per cent and income will get raise of the 15 %, gurus said.

The official-owned coal and oil exploration and you will production company is planned so you’re able to mention their results for the fresh new one-fourth ended in the evening today.

The business had advertised a standalone Pat from Rs 1,378 crore on related months last year, that have incomes from Rs 17,024 crore. In the earlier one-fourth of fiscal, the brand new Pat towards organization endured at Rs 18,348 crore having revenue at Rs twenty-four,354 crore. The firm had been administered a deferred and you can newest tax borrowing from the bank out of Rs 8,686 crore.

Brokerage firm Kotak Institutional Equities anticipate the company to statement 65 per cent into the-12 months growth in revenues in order to Rs twenty eight,052 crore. On the a good sequential basis, brand new revenue will get build because of the 15 percent.

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EBITDA (money in advance of notice, taxation, decline and you will amortization) sometimes develop 88 percent towards the-year and 18.cuatro % one-fourth towards quarter to Rs fifteen,662 crore.

“We assume 18 per cent boost in EBITDA led of the (1) high harsh realization on USD 75/bbl (highest of the USD six/bbl QoQ), (2) a-sharp sequential boost in home-based fuel rate so you’re able to USD step three.2/mn BTU off USD dos/mn BTU in the earlier quarter and you will (3) high price of worthy of-additional affairs,” the fresh broker said with its declaration.

They expects the entire crude oils conversion process quantities so you can refuse 4 % for the-seasons to help you million tons and you will propane sales volumes to help you refuse cuatro % into the-year to cuatro.cuatro bcm (billion cubic yards), that’s broadly in line with the latest design styles.

Basis that it, EBITDA margins will probably grow 680 bps so you can 55.8 % into quarter out-of 44 percent in identical quarter a-year agopared for the earlier one-fourth, brand new EBITDA margins will in all probability improve by the 152 bps.

Kotak anticipates Tap away from Rs 8,821 crore in the a year toward seasons development of 540 %. Modifying towards the deferred taxation borrowing from the bank in the last one-fourth, the new cash will develop by dos percent one-fourth on one-fourth.

Centered on a report regarding Motilal Oswal Financial Functions, the latest cash into one-fourth is anticipated to improve because of the 67.5 per cent payday loan online Mississippi towards the-12 months so you’re able to Rs twenty eight,514 crore.

11 % into the quarter, led by the a rise in rough petroleum cost”. Oils sales will most likely refuse by the 4 percent into the-year but raise 2 % one-fourth toward quarter if you are fuel conversion process are needed to help you refuse six per cent toward-12 months and stay apartment quarter towards quarter.

EBITDA margins to the one-fourth are probably in the percent with a keen EBITDA away from fifteen,720 crore. The fresh new margins are noticed improving of the 610 bps 12 months towards the year and 80 bps to your quarter.

Tap is expected from the Rs 8,190 crore that is a development of 550 per cent in the funds advertised in identical months just last year. After modifying to own deferred income tax borrowing obtained in the earlier quarter, new earnings is seen decreasing of the 3.5 per cent on an excellent sequential base.

ONGC closed at Rs 169.step 1, right up Rs 5.fifteen (+step 3.fourteen %) from the prior personal in the National Stock-exchange into March ten. New stock has established yields out of 69 percent during the past 12 months that will be trade upwards from the seven % from the earlier in the day a month.

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