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ONGC net profit up by 64.76pct in Q3

Gasoil News - Published on Mon, 18 Feb 2019

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Oil and Natural Gas Corporation, the country’s largest producer of oil and natural gas, posted a 64.76 per cent jump in standalone net profit for the quarter ended December at INR 8,263 crore. The company had reported a profit of INR 5,014 crore in the corresponding period last fiscal.

ONGC’s revenue from operations in the December quarter increased 20.42 per cent to INR 27,694 crore as compared to INR 22,996 crore reported in the corresponding quarter a year ago. The company's revenue from offshore operations increased 19 per cent to Rs 18,956 crore during the quarter while the earnings from onshore operations rose 23 per cent to Rs 8,738 crore.

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Posted By : Rabi Wangkhem on Mon, 18 Feb 2019
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