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2w ago

ONGC and Oil India Report Diverging Q4 FY25 Results as Oil Prices Decline

ONGC's profits fell sharply despite record drilling, while Oil India achieved profit growth and record production levels.

Oil and Natural Gas Corporation | Image: Oil and Natural Gas Corporation
oil india q4 results
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Overview

  • ONGC reported a 35% year-on-year drop in standalone net profit for Q4 FY25, reaching Rs 6,448 crore, impacted by lower oil price realizations and exploration cost write-offs.
  • Oil India posted a 30% increase in standalone net profit for the quarter, climbing to Rs 1,591 crore, supported by record combined oil and gas production of 6.71 million tonnes of oil equivalent.
  • Both companies declared final dividends for FY25, with ONGC proposing Rs 1.25 per share and Oil India recommending Rs 1.50 per share, pending shareholder approval.
  • ONGC drilled 578 wells in FY25, the highest in 35 years, and invested approximately Rs 62,000 crore in capex, including renewable energy ventures through its subsidiary ONGC Green.
  • Oil India's crude oil production rose 2.95% and natural gas output increased 2.2% in FY25, marking its highest-ever production levels since inception.