Windfall tax volatility
The Special Additional Excise Duty (SAED) on crude oil is revised every fortnight, creating uncertainty in realizations and impacting profitability.
high · management_commentary
Oil & Natural Gas Corporation — Q2 FY24
ONGC reported a standalone PAT of INR 10,216 crore for Q2 FY24, down 20.3% YoY due to lower crude realizations and higher operating expenditure.
neutral
medium
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Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
OPaL continued losses and equity dilution
OPaL is expected to report negative EBITDA and PAT in FY24, and the proposed equity infusion of INR 18,365 crore may dilute minority shareholders.
medium · analyst_questionRussian asset dividend repatriation
Dividends of RUB 16 billion from Vankor are locked up in Russia due to sanctions, with no clear timeline for repatriation.
medium · analyst_questionKG 98/2 production ramp-up delays
While first oil is expected imminently, gas ramp-up to 10 MMSCMD depends on process platform installation by April 2024, which could face delays.
medium · data_observation