Maharatna PSU Oil and Natural Gas Corporation (ONGC) has announced the date for its Q4 results for fiscal year 2024-2025 and the final dividend declaration. The company will hold a Board meeting on May 21, 2025, to approve the financials and dividend.
Oil and Natural Gas Corporation (ONGC), a Maharatna PSU based in New Delhi, India, is one of the largest oil and gas exploration and production companies in the country. ONGC has announced the date for its Q4 results for the fiscal year 2024-2025 and the final dividend approval. The Board of Directors will meet on May 21, 2025, to review and approve the audited financial results (both standalone and consolidated) for the quarter and the year ending March 31, 2025. The Board will also consider the recommendation of the final dividend for the fiscal year ending March 31, 2025.
As one of India’s most important state-owned companies, ONGC plays a critical role in the country’s energy sector. Despite concerns about falling crude oil prices, the company is focused on increasing gas production, with expectations to stabilize its profits.
Key Expectations for Q4
Financial analysts, including Motilal Oswal Financial Services, have predicted a slight drop in oil and gas production volumes for Q4. They estimate a 4-8% decline in sales volumes due to lower production. However, they expect ONGC’s net profit for Q4 to remain stable at around ₹8,250 crore, comparable to the previous quarter’s earnings. Key risks that analysts are monitoring include any delays in the ramp-up of gas production from the KG Basin and a significant decline in oil prices.
ONGC’s final dividend declaration is another key focus for investors, as the company continues to maintain a strong dividend payout tradition.
About ONGC:
Oil and Natural Gas Corporation Limited (ONGC), founded in 1956, is a state-owned oil and gas corporation of India. It is engaged in the exploration, production, and marketing of oil and natural gas and is one of the largest producers of crude oil in the country. ONGC plays an essential role in India’s energy security and is crucial for the country’s industrial growth. With a robust presence in the upstream sector, ONGC is strategically focused on expanding its exploration activities and boosting gas production to meet the growing energy demands of the nation.
