ONGC Q4 FY25 net profit falls by 35 pc at ₹6,448 crore

The Oil and Natural Gas Corporation (ONGC) reported a 35 per cent drop in its March quarter net profit as it realised lower oil prices on almost static output, the company officially announced here on Thursday.

- STATESMAN NEWS SERVICE

The company's net profit stood at Rs 6,448 crore in the January-March period in the fourth quarter of FY25 (April 2024 to March 2025) as compared to Rs 9,869 crore in the same period last year, according to a company statement.

The firm got 73.72 dollars per barrel of crude oil that it produced and sold to refiners for processing into petrol and diesel in the fourth quarter, down from 80.81 dollars per barrel a year back.

ONGC produced 4.7 million tonnes of crude oil in the quarter, marginally lower than 4.714 million tonnes in January-March 2024.

Production of natural gas, which is used to generate electricity, make fertiliser and turned into CNG as well as used for cooking in kitchens, was lower at 4.893 Billion Cubic Metres (BCM) in Q4 as opposed to 4.951 BCM.

For the full fiscal (FY25), ONGC's net profit was down by 12 per cent at Rs 35,610 crore on almost unchanged revenue of Rs 1.37 lakh crore.