ONGC Q1 Review - Pricing Strength More Than Offsets Output Worries: Centrum Broking

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Centrum Broking Report.Despite a 5/4% YoY decline in oil/gas production, a sharp $37/barrel of oil YoY ($8/bbl QoQ) increase in oil realisation to $65.6/bbl and a 1% YoY (23% QoQ) improvement in gas realisation to Rs 7.3/standard cubic metre ensured a 96% YoY jump in Ebitda to Rs 116 billion and a sharper 8.7 times YoY jump in net earnings to Rs 43.3 billion for Oil and Natural Gas Corporation Ltd. Earnings, however, were below estimates of Rs 125 billion Ebitda / Rs 48 billion profit after tax mainly due to the miss on production. While production growth remains elusive in the near term, ONGC's management has aggressive plans to augment output once Covid-19 related travel/logistics constraints abate. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ONGC Q1 Review - Pricing Strength More Than Offsets Output Worries: Centrum Broking

ONGC Q1 Review - Pricing Strength More Than Offsets Output Worries: Centrum Broking

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