ONGC Share Price: Should you buy this Maharatna PSU post Q4 Results? Here's what the top brokerages say

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Shares of state-run Oil and Natural Gas Corporation (ONGC) fell 1.3 per cent to an intraday low of Rs 245.50 on the BSE on Thursday, May 22, after the energy giant posted a sharp 35 per cent year-on-year (YoY) drop in consolidated net profit at Rs 6,448 crore for the quarter ended March 31, 2025.

Q4 Results

According to a stock exchange filing, ONGC’s consolidated revenue came in at Rs 1.66 lakh crore for Q4 FY25, marginally higher than Rs 1.64 lakh crore reported in the same quarter last year. However, higher expenses, subdued margins, and one-off costs dragged the profitability.

Margins impacted despite stable topline

While upstream production remained in line with estimates, the company’s net realisation took a hit due to volatile global crude prices and higher statutory levies. Operating profit margins also narrowed, reflecting rising input and exploration costs.

Dividend Announcement

The board recommended a final dividend of Rs 2.50 per equity share, adding to the Rs 5.75 interim dividend already paid, taking the total FY25 payout to Rs 8.25 per share.

For the full year, ONGC’s consolidated profit after tax stood at Rs 38,828 crore, marking an 18 per cent decline from Rs 47,506 crore in FY24. Annual revenue, however, rose slightly to Rs 6.68 lakh crore.