Stock Market Today: Maharatna PSU Oil and Natural Gas Corporation (ONGC) on Thursday declared the date for a board meeting to consider Q4 results 2025 and final dividend for the fiscal year 2024- 2025 (FY25).
ONGC intimated the National Stock Exchange of India and BSE Ltd that a board meeting has been fixed on May 21, 2025, to consider the financial results for the quarter and financial year ended March 2025.
Maharatna PSU ONGC, in a release, said, “A meeting of the Board of Directors of the company is scheduled to be held on Wednesday, May 21, 2025, inter-alia, to consider and approve the business items. These include considering and approving the audited financial results (Standalone and Consolidated) of the company for the quarter and year ended 31st March, 2025.”
ONGC also said that the board will consider and recommend a final dividend, if any, for FY25.
The upstream oil and gas producers are in focus amid declining crude oil prices, which can impact the net oil realisations they earn. The better gas prices are among the key factors, along with oil and gas production volumes, that hold the key to their earnings growth.
Motilal Oswal Financial Services, in its result preview, said that for ONGC and Oil India, they expect both oil and gas sales volume to decline by 4% to 8% sequentially driven by lower production in Q4. They expect ONGC Q4 net profit to come at close to ₹8,250 crore, which is comparable to ₹8,240 crore in the previous quarter though lower than ₹98.7 crore in the year ago quarter.
The key monitorable, as per MOFSL, is the update on the ramp-up of gas production.
Any delay in peak oil production from the KG Basin and a decline in oil prices below $ 70 a barrel are the key downside risks, as per MOFSL.
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