ONGC To Report Earnings On Aug 5: Revenue Seen At ₹35,068 Cr

ONGC is scheduled to announce its results for the quarter ended June on Monday, August 5.

What To Expect: YES Securities anticipate a net crude oil realization of $76.7 (around ₹6,308) per barrel and an APM (Administrative Price Mechanism) gas realization of $6.5 per MMBtu (One million British Thermal Unit). However, crude oil volumes are expected to decline by 1.6% year-over-year (YoY) and 2.5% quarter-over-quarter (QoQ).

Similarly, gas volumes are forecasted to decrease by 3.3% YoY and 1% QoQ. Analysts at Anand Rathi also expect ONGC to deliver steady results given flat oil and gas realisations.

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	Revenue	Net Profit
Yes Securities	₹34,068	₹8,765
Anand Rathi	₹36,442	₹8,838
Antique Broking	₹35,253	₹8,429
Kotak Institutional Equities	₹34,896	₹6,013
Elara Capital	₹34,846	₹8,288
Emkay Global	₹34,906	₹8,139
Average	₹35,068	₹8,078

Earlier last month, Citi maintained a "buy" rating on ONGC, raising the target price by 18% to ₹370 from ₹315. This adjustment reflects an increase in the core EBITDA multiple from around 4x to 4.5x, which is a premium to ONGC's historical mean. The analysts cited an optimistic outlook for both oil and gas production and realizations as the basis for this decision.

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