ONGC Q2 Results Review - Long-Awaited Oil Production From KG Basin In Sight: Motilal Oswal

ONG Q2 Q2 Results Review - Long-Awaited Oil Production Fro KG Basin in In Sight: Motilal Oswal Management expects the commencement of oil production fro KG KG-DWN98/2 as early a November 2023 23.

ONGC's reported Ebitda stood at Rs 183.6 billion (down 2% YoY), 6% below our estimate, due to higher-than-expe India special additional excise duty at $11.8/barrel of oil. Original DISCLAIMER Motilal Oswal Report Oil and Natural Gas Corporation Ltd.’s Ebitda mmaryFeed_ Rs 183.6 billion xlGi">2 2% < YoY an> 6% Rs 32.4 11.8 highLightText__NxlGi">FY25E 8.1 lass="summaryFeed_highLightText__NxlGi">six KG maryFeed_highLightTex November 2023 C Videsh Ltd. Mangalore Refinery and Petrochemicals Ltd. 10 million metric standard cubic metre ed_highLightText__NxlGi">4/8% 7%/9% Ebitda 5% Q3 ummaryFeed_highLightText__NxlGi">Q3 British $6. 20% etric million< APM an> Every year ummaryFee 6-8% ghLightText__NxlGi">ONGC