Oil & Natural Gas Corp Ltd (BOM:500312)
₹ 277.65 4.2 (1.54%) Market Cap: 3.49 Til Enterprise Value: 4.30 Til PE Ratio: 8.11 PB Ratio: 1.10 GF Score: 94/100
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Q4 2023 Oil and Natural Gas Corporation Ltd Investors and Analyst Meet Transcript

May 29, 2023 / 01:00PM GMT
Release Date Price: ₹158.9 (-2.87%)
Pomila Jaspal
Oil and Natural Gas Corporation Limited - Director of Finance, CFO & Director

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that you have. Amidst the challenging economic conditions and business environment, let me inform that ONGC has given another stellar performance with its highest ever stand-alone PBT of INR 50,395 crores and PAT of INR 38,829 crores, one of the highest amongst CPSEs in India. This would have been even higher, but we reviewed the disputed sales tax and GST on royalty and made a provision of INR 12,107 crores during quarter 4 of financial year '23.

Notwithstanding that we continue to pursue our legal recourse for this disputed amount and we are confident about the merits of our stand on the issue. In spite of this, we continue to remain one of the highest dividend paying companies of the country with its highest-ever dividend of 225%. That is INR 11.25 per share and total amount to INR 14,153 crores for the financial year '23. We are well poised to consolidate from here and grow on a sustainable path meeting the increasing energy needs of the nation and in the process

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