ONGC shares tumble 3% on reporting 19% YoY fall in Q3 PAT

February 1, 2025

ONGC reported a 19% YoY decline in Q3FY25 net profit at ₹8,622 crore, missing estimates. Revenue fell marginally by 0.75% to ₹1,66,097 crore. Despite lower earnings, CLSA maintained an ‘Outperform’ rating with a ₹360 target, citing strong oil and gas sales. ONGC shares rose 2.3% but remained down 21.48% in six months.

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