Latest news with #INR40
Yahoo
23-05-2025
- Business
- Yahoo
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.
Yahoo
23-05-2025
- Business
- Yahoo
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
Yahoo
10-02-2025
- Business
- Yahoo
Tube Investments of India Ltd (NSE:TIINDIA) Q3 2025 Earnings Call Highlights: Navigating Growth ...
Revenue: INR1,910 crores in Q3 FY25 compared to INR1,898 crores in the same period last year. Profit Before Tax: INR212 crores compared to INR210 crores in the same period last year. Return on Invested Capital (ROIC): 43% compared to 54% in the previous year period. Free Cash Flow: INR70 crores for the quarter. Engineering Business Revenue: INR1,212 crores compared to INR1,229 crores in the corresponding quarter. Engineering Business PBIT: INR156 crores compared to INR153 crores in the corresponding quarter. Metal Formed Business Revenue: INR400 crores compared to INR392 crores in the corresponding quarter last year. Metal Formed Business PBIT: INR40 crores compared to INR47 crores in the corresponding quarter. Bicycle Business Revenue: INR142 crores compared to INR147 crores in the corresponding quarter. Bicycle Business Loss: Negative INR0.82 crores compared to INR8 crores in the corresponding quarter. Others Revenue: INR252 crores compared to INR219 crores in the corresponding quarter. Others PBIT: INR11 crores compared to INR14 crores in the corresponding quarter. Consolidated Revenue: INR4,812 crores compared to INR4,197 crores in the corresponding quarter. Consolidated Profit: INR427 crores compared to INR395 crores in the corresponding quarter of the previous year. CG Power Revenue: INR2,516 crores compared to INR1,979 crores. CG Power Profit Before Exceptional Items and Tax: INR335 crores compared to INR264 crores. Shanti Gears Revenue: INR158 crores compared to INR126 crores in the corresponding quarter. Shanti Gears Profit Before Tax: INR35 crores compared to INR24 crores in the corresponding quarter of the previous year. Warning! GuruFocus has detected 1 Warning Sign with NSE:TIINDIA. Release Date: February 04, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Tube Investments of India Ltd (NSE:TIINDIA) reported a consolidated revenue increase to INR4,812 crores from INR4,197 crores in the corresponding quarter of the previous year. The company's subsidiary, CG Power, showed significant growth with consolidated revenue rising to INR2,516 crores from INR1,979 crores. Shanti Gears, another subsidiary, also demonstrated strong performance with revenue increasing to INR158 crores from INR126 crores. The Engineering business maintained stable PBIT at INR156 crores, slightly up from INR153 crores in the corresponding quarter. The company is actively expanding its EV business, with plans to seed new products in the market by Q4 and full-fledged commercial sales starting in April 2025. The quarter was described as 'fairly flat' with minimal growth in revenue and profit before tax compared to the previous year. ROIC for the quarter decreased to 43% from 54% in the same period last year. The Metal Formed business experienced a decline in PBIT to INR40 crores from INR47 crores, attributed to pricing pressures and a drop in EV growth. The bicycle business continued to operate at a loss, albeit reduced to negative INR0.82 crores from INR8 crores in the previous year. The Clean Mobility business saw a decline in revenue from INR146 crores to INR127 crores, attributed to regional market dynamics and reduced incentives. Q: Are you present in the EV scooter market, and do any OEM customers plan to shift their EV scooters to chain drive? A: Currently, it's in the development stage. One OEM is working on converting the belt into the chain, but it's still in the initial stages. The chain market will not become obsolete as motorcycle growth continues, and there's a significant aftermarket demand. Q: Why did the Clean Mobility business see a decline in revenue despite increased volumes? A: The 3-wheeler volumes were stable, but the TIV increased due to the festive season, which impacted regions where we have less presence. For trucks, we delivered fewer units in Q3 compared to Q2. These factors contributed to the revenue decline. Q: What is causing the weak margin trajectory in the Metal Formed Product business? A: The decline in railway pricing and a slowdown in EV growth due to model changes affected margins. However, we expect margins to stabilize around 10% to 11% at the PBT level. Q: How is the Engineering division performing, and what impact do metal prices have? A: The muted performance is primarily due to metal price corrections. However, we have seen a 7% to 8% growth in volume terms, and exports continue to contribute significantly. Q: What is the strategy for the EV business over the next 3 to 5 years? A: The focus is on improving market share and numbers while keeping an eye on margins. We aim to achieve operational breakeven in the next financial year for the two products already in the market. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
