- ONGC’s net income for 4th quarter beat estimates, amounting to 98.7 billion rupees as opposed to the expected 87.64 billion rupees.
- The net income shows significant year on year growth compared to 5.28 billion rupees during the same period the previous year.
- The revenue generated was slightly deficient of estimates at 346.4 billion rupees, a decrease of 4.5% year on year, whereas the estimate was 349.57 billion rupees.
- Total operating costs showed a reduction of 12% compared to the previous year with a registered 254.6 billion rupees total cost.
- The finance cost increased by 45% year on year to reach 10.3 billion rupees, narrowly missing the estimate of 10.42 billion rupees.
- The quarter showed notable growth in other income of about 91% year on year, which totalled 36.8 billion rupees.
- The dividend per share rose considerably for the quarter from 0.50 rupees the previous year to 2.50 rupees.
- Investor sentiments for ONGC’s performance varied, documented as 18 buys, 5 holds and 6 sells.
- All figures and comparisons are drawn directly from the company’s original disclosures.
A look at Oil & Natural Gas Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analyzing Oil & Natural Gas Corp‘s long-term outlook using Smartkarma Smart Scores reveals a promising future. With top marks in Value, Dividend, Growth, and Momentum, the company showcases strength across essential factors. A perfect score in Value signifies its attractive investment potential, while a high Dividend score indicates stable returns for investors. The top marks in Growth and Momentum highlight the company’s potential for expansion and strong market performance.
Although scoring slightly lower in Resilience, with a score of 3, Oil & Natural Gas Corp remains well-positioned in the industry. Specializing in crude oil and gas exploration and production, the company’s joint ventures in various countries, including Vietnam, Norway, and Egypt, diversify its portfolio. Additionally, its focus on deep sea explorations and coal bed methane further solidify its position in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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