SAED applicability on KG 98/2 crude
Management is reviewing whether the windfall tax (SAED) applies to new KG production; if imposed, it could reduce realizations.
medium · analyst_question
Oil & Natural Gas Corporation — Q3 FY24
ONGC reported Q3 FY24 standalone PAT of INR 9,536 crore, down 13.7% YoY due to lower crude and gas realizations and GST on royalty provisions.
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
Rising rig day rates
New jackup rig rates have risen to $70,000-$90,000/day from COVID lows, potentially increasing drilling costs.
medium · analyst_questionOVL dividend repatriation from Russia
Dividends from Russian operations remain stuck due to sanctions; management is pursuing a share swap to resolve.
high · management_commentaryOpEx increase from one-off items
Nine-month OpEx rose 25% YoY partly due to one-off items (water injection, LD payments); if these recur, margins could be pressured.
medium · data_observation