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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Oil and Natural Gas Corporation Limited    ONGC   INE213A01029

OIL AND NATURAL GAS CORPORATION LIMITED

(ONGC)
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Oil & Natural Gas Corp. Swung to 4Q Net Loss Due to Impairment

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07/01/2020 | 12:05am EDT

By Kosaku Narioka

Oil & Natural Gas Corp. swung to a fourth-quarter net loss due partly to impairment and write-down charges amid the Covid-19 pandemic, it said late Tuesday.

Net loss for the quarter ended March was 61.89 billion rupees ($819.2 million), compared with net profit of INR47.51 billion a year earlier, the Indian energy company said.

ONGC booked INR90.28 billion in impairment and write-down charges, as the pandemic led to sharply lower oil prices.

Revenue for the period declined to INR1.045 trillion from INR1.125 trillion a year earlier.

 

Write to Kosaku Narioka at kosaku.narioka@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -0.76% 42.62478 Delayed Quote.-34.98%
OIL AND NATURAL GAS CORPORATION LIMITED 0.67% 82.4 End-of-day quote.-36.02%
WTI 0.27% 40.495 Delayed Quote.-34.40%
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Financials
Sales 2020 4 032 B 54 027 M 54 027 M
Net income 2020 224 B 2 998 M 2 998 M
Net Debt 2020 980 B 13 127 M 13 127 M
P/E ratio 2020 4,53x
Yield 2020 7,33%
Capitalization 1 037 B 13 889 M 13 890 M
EV / Sales 2019
EV / Sales 2020 0,50x
Nbr of Employees 32 923
Free-Float 29,3%
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Technical analysis trends OIL AND NATURAL GAS CORPOR
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 101,34 INR
Last Close Price 82,40 INR
Spread / Highest target 94,2%
Spread / Average Target 23,0%
Spread / Lowest Target -33,3%
EPS Revisions
Managers
NameTitle
Shashi Shanker Chairman & Managing Director
Subhash Kumar CFO, Executive Director & Finance Director
Om Prakash Singh Director, Director-Technical & Field Services
Amar Nath Non-Executive Director & Joint Secretary
Ganga Murthy Independent Director
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