ONGC shares remained under pressure for the second consecutive session after the company reported weaker-than-expected Q4 FY26 earnings.
According to the report, ONGC shares were trading around 2% lower in early trade. The stock had also declined in the previous session after the company announced its March quarter results.
Brokerage firm CLSA said ONGC’s reported net profit came below estimates, but the miss was mainly due to one-off charges. The brokerage noted that the company’s underlying operating performance remained broadly stable.
During the quarter, ONGC’s net profit declined on a sequential basis, while revenue showed quarter-on-quarter growth. EBITDA and margins remained under pressure, impacting short-term market sentiment.
CLSA maintained a positive view on ONGC and said the company’s core operations remain stable. The management has also indicated expectations of more than 30% growth in gas production over the next two years.
Investor focus is expected to remain on ONGC’s long-term production outlook, particularly around Mumbai High fields, gas output growth, and ongoing offshore projects.
ONGC shares Friday ko lagataar second session mein pressure mein rahe, weak Q4 FY26 earnings ke baad stock mein selling dekhne ko mili.
Report ke mutabik, ONGC shares early trade mein around 2% lower trade kar rahe the. Isse pehle Wednesday ko bhi stock mein girawat dekhi gayi thi, jab company ne apne March quarter results announce kiye the.
Brokerage firm CLSA ne kaha ki ONGC ka reported net profit estimates se below raha, lekin iska major reason one-off charges tha. Brokerage ke mutabik, company ki underlying operating performance broadly stable rahi.
Q4 mein ONGC ka net profit sequential basis par decline hua, jabki revenue mein quarter-on-quarter growth dekhi gayi. EBITDA aur margins par pressure raha, jiski wajah se market sentiment short term mein weak raha.
CLSA ne ONGC par apna positive stance maintain kiya hai aur kaha ki company ke core operations mein stability bani hui hai. Management ne agle do saal mein gas production mein 30% se zyada growth ki expectation bhi share ki hai.
ONGC ke long-term production outlook par investors ka focus bana rahega, especially Mumbai High fields, gas output growth aur ongoing offshore projects ko lekar.