Latest news with #361
23-05-2025
- Business
Oil & Natural Gas Corp Ltd (BOM:500312) Q4 2025 Earnings Call Highlights: Navigating ...
Profit After Tax (PAT): INR35,610 crores for FY '25, down 12.1% from INR40,526 crores in FY '24. Sales Revenue: INR1,37,361 crores for FY '25, slightly down from INR1,37,774 crores in FY '24. Operating Expenditure: Increased by 2.8% to INR27,478 crores in FY '25 from INR26,725 crores in FY '24. Exploration Costs: Increased by INR4,257 crores to INR9,826 crores in FY '25. Reserve Replacement Ratio: 1.35 from domestic fields, excluding JV share. Wells Drilled: 578 wells, the highest in 35 years, including 109 exploratory and 469 development wells. Capital Expenditure (CapEx): INR62,000 crores, the highest ever, with INR10,300 crores in exploration CapEx. Crude Oil Production: 18.558 million metric tonnes, up 0.9% from the previous year. Natural Gas Production: 19.654 BCM, slightly down from 19.978 BCM in FY '24. Dividend Payout: Total dividend of 245% with a payout of INR15,411 crores. Consolidated Profit After Tax: INR38,326 crores, down 30.7% from INR55,272 crores in FY '24. Consolidated Gross Revenue: Increased by 1.5% to INR6,63,262 crores in FY '25. Renewable Energy Capacity: Increased to 2.5 gigawatts from 192 megawatts. Warning! GuruFocus has detected 4 Warning Signs with BOM:500312. Release Date: May 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Oil & Natural Gas Corp Ltd (BOM:500312) achieved a reserve replacement ratio of more than 1 for the 19th consecutive year, indicating strong resource replenishment. The company drilled 578 wells, the highest in the past 35 years, showing a significant increase in exploration and development activities. A final dividend of 25% was recommended, with a total dividend payout ratio of 245%, marking the highest quantum of dividend paid by the company. The company reported an increase in standalone crude oil production by 0.9% over the previous year, reflecting successful production enhancement efforts. Significant investments in renewable energy have increased capacity to 2.5 gigawatts, positioning the company as a formidable player in the renewable sector. Profit after tax decreased by 12.1% from the previous year, primarily due to higher exploratory well write-offs. Operating expenditure increased by 2.8%, impacting overall profitability. Exploration costs, including survey and dry well costs, rose significantly by INR4,257 crores, indicating higher expenses in exploration activities. Consolidated profit after tax decreased by 30.7%, largely due to a decline in profits from subsidiaries HPCL, MRPL, and Opal. Natural gas production saw a slight decline from 19.978 BCM in financial year '24 to 19.654 BCM in financial year '25, indicating challenges in maintaining gas output levels. Q: Can you provide an update on the KG 98/2 oil and gas production levels and future targets? A: Currently, oil production is at 33,000 to 34,000 barrels per day, with a target of 45,000 barrels. Gas production is around 2.75 MMSCMD, expected to increase to 6-7 MMSCMD once the platform is completed, and eventually reach 10 MMSCMD. This increase is anticipated within the financial year '25-'26. (Arun Singh, CEO) Q: What is the current input mix for OPaL, and how will it change with future ethane imports? A: Currently, OPaL operates with a 60% naphtha and 40% ethane mix. This will remain the same, but the ethane source will shift from rich gas to US imports. Moving out of SEZ has saved INR700-800 crores due to the removal of customs duty. (Arun Singh, CEO) Q: What are the production targets for crude oil and natural gas for FY26 and FY27? A: For crude oil, the target is around 21.5 million tonnes for FY25-26, with a positive trajectory expected to continue. For natural gas, the target is 21 BCM for FY25-26, increasing to 22 BCM in FY26-27, reflecting a 5-6% annual growth. (Arun Singh, CEO) Q: How is ONGC managing cost controls and fleet investments? A: ONGC is benefiting from reduced rig rates and optimizing logistics by opening a new base in Gujarat. The company is considering investing in its own fleet due to vessel shortages and high market rates. Cost control measures are expected to yield further savings in the coming years. (Arun Singh, CEO) Q: What is the outlook for ONGC Videsh's international assets, particularly in Mozambique and Russia? A: Mozambique's LNG project is progressing well, with commissioning expected by late '27 or early '28. Production in Russia remains stable, and there are increases in Colombia, South Sudan, and Azerbaijan. ONGC Videsh's production increased by 9% last year, with further upside expected. (Unidentified Company Representative, ONGC Videsh) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
23-05-2025
- Business
Oil & Natural Gas Corp Ltd (BOM:500312) Q4 2025 Earnings Call Highlights: Navigating ...
Profit After Tax (PAT): INR35,610 crores for FY '25, down 12.1% from INR40,526 crores in FY '24. Sales Revenue: INR1,37,361 crores for FY '25, slightly down from INR1,37,774 crores in FY '24. Operating Expenditure: Increased by 2.8% to INR27,478 crores in FY '25 from INR26,725 crores in FY '24. Exploration Costs: Increased by INR4,257 crores to INR9,826 crores in FY '25. Reserve Replacement Ratio: 1.35 from domestic fields, excluding JV share. Wells Drilled: 578 wells, the highest in 35 years, including 109 exploratory and 469 development wells. Capital Expenditure (CapEx): INR62,000 crores, the highest ever, with INR10,300 crores in exploration CapEx. Crude Oil Production: 18.558 million metric tonnes, up 0.9% from the previous year. Natural Gas Production: 19.654 BCM, slightly down from 19.978 BCM in FY '24. Dividend Payout: Total dividend of 245% with a payout of INR15,411 crores. Consolidated Profit After Tax: INR38,326 crores, down 30.7% from INR55,272 crores in FY '24. Consolidated Gross Revenue: Increased by 1.5% to INR6,63,262 crores in FY '25. Renewable Energy Capacity: Increased to 2.5 gigawatts from 192 megawatts. Warning! GuruFocus has detected 4 Warning Signs with BOM:500312. Release Date: May 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Oil & Natural Gas Corp Ltd (BOM:500312) achieved a reserve replacement ratio of more than 1 for the 19th consecutive year, indicating strong resource replenishment. The company drilled 578 wells, the highest in the past 35 years, showing a significant increase in exploration and development activities. A final dividend of 25% was recommended, with a total dividend payout ratio of 245%, marking the highest quantum of dividend paid by the company. The company reported an increase in standalone crude oil production by 0.9% over the previous year, reflecting successful production enhancement efforts. Significant investments in renewable energy have increased capacity to 2.5 gigawatts, positioning the company as a formidable player in the renewable sector. Profit after tax decreased by 12.1% from the previous year, primarily due to higher exploratory well write-offs. Operating expenditure increased by 2.8%, impacting overall profitability. Exploration costs, including survey and dry well costs, rose significantly by INR4,257 crores, indicating higher expenses in exploration activities. Consolidated profit after tax decreased by 30.7%, largely due to a decline in profits from subsidiaries HPCL, MRPL, and Opal. Natural gas production saw a slight decline from 19.978 BCM in financial year '24 to 19.654 BCM in financial year '25, indicating challenges in maintaining gas output levels. Q: Can you provide an update on the KG 98/2 oil and gas production levels and future targets? A: Currently, oil production is at 33,000 to 34,000 barrels per day, with a target of 45,000 barrels. Gas production is around 2.75 MMSCMD, expected to increase to 6-7 MMSCMD once the platform is completed, and eventually reach 10 MMSCMD. This increase is anticipated within the financial year '25-'26. (Arun Singh, CEO) Q: What is the current input mix for OPaL, and how will it change with future ethane imports? A: Currently, OPaL operates with a 60% naphtha and 40% ethane mix. This will remain the same, but the ethane source will shift from rich gas to US imports. Moving out of SEZ has saved INR700-800 crores due to the removal of customs duty. (Arun Singh, CEO) Q: What are the production targets for crude oil and natural gas for FY26 and FY27? A: For crude oil, the target is around 21.5 million tonnes for FY25-26, with a positive trajectory expected to continue. For natural gas, the target is 21 BCM for FY25-26, increasing to 22 BCM in FY26-27, reflecting a 5-6% annual growth. (Arun Singh, CEO) Q: How is ONGC managing cost controls and fleet investments? A: ONGC is benefiting from reduced rig rates and optimizing logistics by opening a new base in Gujarat. The company is considering investing in its own fleet due to vessel shortages and high market rates. Cost control measures are expected to yield further savings in the coming years. (Arun Singh, CEO) Q: What is the outlook for ONGC Videsh's international assets, particularly in Mozambique and Russia? A: Mozambique's LNG project is progressing well, with commissioning expected by late '27 or early '28. Production in Russia remains stable, and there are increases in Colombia, South Sudan, and Azerbaijan. ONGC Videsh's production increased by 9% last year, with further upside expected. (Unidentified Company Representative, ONGC Videsh) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
21-05-2025
- Business
- Finextra
Finca taps Thought Machine for BaaS platform
Finca, a global leader in inclusive finance, has partnered with Thought Machine, the next-generation banking technology company, to launch '361 by FINCA', a transformative operating platform to scale financial inclusion, beginning in Africa. 0 To date, financial services providers (FSPs) have struggled to support the financial wellbeing of low-income customers, largely due to rigid, poorly tailored products and cumbersome loan assessment and enrollment processes. '361 by FINCA' is a first-of-a-kind platform powered by Vault Core, introducing new levels of configurability and efficiency previously unattainable for many FSPs in emerging markets. With Vault Core's real-time architecture and API-first design, FINCA will be able to deliver flexible, integrated financial products tailored to help low-income customers invest in opportunities, build financial resilience, and access streamlined, automated loan assessments and renewals. The technology will also allow FINCA to rapidly scale across African markets and integrate with customer service channels and interaction points. Thought Machine's modern technology and innovative approach position it to be the ideal partner for the platform—Vault Core is completely free from legacy code and designed for efficiency and scale. The '361 by FINCA' platform will seamlessly integrate into and enrich the functional capabilities of the existing business software stack. With Vault Core, FINCA gains the flexibility to launch innovative products tailored to the diverse needs of its customers, including smallholder farmers, families on the margins, and microentrepreneurs. Its real-time data capabilities and modular design mean faster rollouts, greater personalisation, and a more agile response to evolving market needs. 'We're building a new fintech platform that is fast, flexible, and deeply connected to people's lives,' said Herman Spruit, CEO, 361 by FINCA. 'With 361, powered by Thought Machine's technology, we can create innovative, personalised financial products that grow with people's lives—whether saving for school, starting a business, or supporting their families.' Paul Taylor, CEO and founder, Thought Machine, comments: 'This partnership reflects a deep commitment to using cloud-native technology to build world-class financial products that drive economic growth. Supported by modern core technology, banks are empowered to create a future where financial services are accessible to individuals everywhere. We look forward to working with FINCA to build the future of financial services across the continent.' The platform's build will be led by Ikigai Digital, a certified Thought Machine delivery partner known for its deep technical expertise and successful track record implementing Vault Core. Ikigai Digital's team of subject-matter experts has hands-on experience in platform operations, migration, and integration architecture, ensuring high-quality, end-to-end implementation. Andy Farmer, CEO, Ikigai, comments: "Ikigai has formed a strategic partnership with FINCA to build and run a Microfinance Platform. Together, we are building a new business underpinned with cutting-edge technology that will provide huge flexibility for customers, driven by the shared mission to expand financial access in underserved markets and enhance the lives of millions of people." The '361 by FINCA' operating platform will also offer white-labelling capabilities, allowing other organisations to leverage Vault Core's engine to deliver customised financial services to their customers. This approach breaks down traditional barriers to access, enabling a broader ecosystem of providers to accelerate financial inclusion across the continent.
The Star
20-05-2025
- The Star
Two men nabbed in Ipoh with drugs
IPOH: Police arrested two men and seized about RM4,361 worth of drugs at a house in Jalan Sungai Nibong in Teluk Intan. Hilir Perak OCPD Asst Comm Dr Bakri Zainal Abidin said the two men, aged 35 and 37, were believed to have been involved in distributing drugs like heroin and syabu. ACP Dr Bakri said the arrests were made during an operation at the house, rented by one of the suspects, on Monday (May 19) at about noon. "During the operation, the police also seized 104.17g of heroin, 8g of syabu and 42g of MDMA (ecstasy). "Both suspects confessed to being involved in drug activities since their early 20s," he said in a statement. "The first suspect tested positive for morphine, while the second suspect tested positive for methamphetamine. "Both men also have a total of nine previous drug cases," he added. ACP Dr Bakri said the drugs seized could be used by 308 people. He said the case is being investigated under Section 39B, Section 39A(1), Section 12(2) and Section 15(1) of the Dangerous Drugs Act. "Those found guilty could face the death sentence or lifetime imprisonment and be whipped at least 12 times," he said. "The police would like to remind the people not to be involved with drug distribution or abuse," he added.
Associated Press
15-04-2025
- Sport
- Associated Press
Padres host the Cubs, look to extend home win streak
Chicago Cubs (11-8, first in the NL Central) vs. San Diego Padres (14-3, first in the NL West) San Diego; Tuesday, 9:40 p.m. EDT PITCHING PROBABLES: Cubs: Shota Imanaga (2-1, 2.70 ERA, 0.90 WHIP, 14 strikeouts); Padres: Randy Vasquez (1-1, 1.72 ERA, 1.21 WHIP, six strikeouts) BETMGM SPORTSBOOK LINE: Cubs -140, Padres +118; over/under is 7 1/2 runs BOTTOM LINE: The San Diego Padres host the Chicago Cubs looking to extend an 11-game home winning streak. San Diego has an 11-0 record at home and a 14-3 record overall. Padres hitters have a collective .433 slugging percentage to rank seventh in the majors. Chicago has an 11-8 record overall and a 7-4 record in road games. Cubs hitters are batting a collective .258, the sixth-best team batting average in MLB play. The teams meet Tuesday for the fifth time this season. The season series is tied 2-2. TOP PERFORMERS: Fernando Tatis Jr. has a .361 batting average to lead the Padres, and has a double and six home runs. Luis Arraez is 16-for-44 with a home run and two RBI over the last 10 games. Kyle Tucker has eight doubles and five home runs for the Cubs. Seiya Suzuki is 13-for-35 with a triple and three home runs over the past 10 games. LAST 10 GAMES: Padres: 7-3, .276 batting average, 3.52 ERA, outscored opponents by 11 runs Cubs: 6-4, .260 batting average, 3.68 ERA, outscored opponents by 23 runs INJURIES: Padres: Brandon Lockridge: 10-Day IL (hamstring), Jake Cronenworth: 10-Day IL (rib), Matt Waldron: 60-Day IL (oblique), Jackson Merrill: 10-Day IL (hamstring), Jhony Brito: 60-Day IL (forearm), Bryan Hoeing: 15-Day IL (shoulder), Yu Darvish: 15-Day IL (elbow), Sean Reynolds: 15-Day IL (foot), Joe Musgrove: 60-Day IL (elbow) Cubs: Justin Steele: 15-Day IL (elbow), Vidal Brujan: 10-Day IL (elbow), Tyson Miller: 15-Day IL (hip), Ryan Brasier: 15-Day IL (hip), Javier Assad: 15-Day IL (oblique) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
