Production volume growth crucial for re-rating

Company

23 May 2025 | 5 Min Read

ONGC's 4QFY25 revenue exceeded estimates, but PAT missed due to higher expenses.

Production volume growth crucial for re-rating ONGC's stock.

Management reduced FY26 oil/gas production volume guidance due to delays.

ONGC's valuation appears inexpensive with 8.6x FY27E P/E.

ONGC's financial performance impacted by higher DDA and lower other income.

ONGC's production guidance moderated due to delays in production ramp-up.