OPaL profitability uncertain
OPaL reported a PAT loss of ₹637 crore in Q2 FY25; management declined to provide near-term profitability guidance, citing dependence on product and feedstock prices.
ONGC / Q2-FY25 / risks
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Ongc · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Crude price volatility impacting revenue
Sales revenue decreased 3.5% YoY in Q2 due to lower crude realizations (₹6,561/bbl vs ₹7,013/bbl). Further price declines could pressure earnings.
Geopolitical risks to OVL assets
OVL's Russian assets are underperforming due to the Ukraine conflict, and Venezuelan operations face sanctions and operational uncertainty.
Gas production decline may persist
Despite new well gas, overall gas production declined 2.1% YoY in Q2; management expects a natural decline rate of 7.5% for nominated fields, which could offset gains.