Overview

• ONGC signed a preliminary Heads of Agreement with Mitsui O.S.K. Lines to build and operate two Very Large Ethane Carriers, each capable of transporting about 150,000 cubic meters of liquefied ethane to OPaL for captive feedstock use.
• The carrier agreement and a proposed Rs 1.25 per share final dividend for FY25 are pending approval from ONGC’s board and shareholders.
• ONGC’s standalone net profit for Q4 FY25 declined nearly 22% to Rs 6,448 crore as expenses rose 16% against a 3.8% increase in operating revenue.
• Operating income fell 0.3% year-on-year to Rs 19,007.5 crore, and EBITDA margin narrowed by 220 basis points to 54.3%.
• Shares of ONGC closed 1.24% higher at Rs 244.05 on the NSE following the earnings release and partnership announcement.