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ONGC, which accounts for 67% of India’s oil and 54% its gas production, also declared an interim dividend of 80 per cent, i.e. ₹4 per equity share. ....
Oil and Natural Gas Corporation (ONGC) reported a 9.9% year-on-year (YoY) decline in consolidated net profit for the quarter ended December 2023 to Rs 10,356 crore, compared to Rs 11,489 crore in the year-ago period. ....
Net profit for the third quarter is likely to fall around 13% year-on-year, according to an average estimate of four brokerages. On a sequential basis, profit is seen dropping by a marginal 1%. ....
In the second quarter, ONGC recorded a 65% YoY rise in consolidated net profit to Rs 13,734 crore and revenue from operations dropped 13% to Rs 1.47 lakh crore. ....
ONGC Q3 Results: The company s performance was hit by crude oil prices amid COVID-19 pandemic State-owned Oil and Natural Gas Corporation (ONGC) posted a 67.4 per cent year-on-year decline in standalone profit to Rs 1,378 crore in the third quarter of the current financial year. The standalone net profit stood at Rs 4,226 crore in the year-ago period. According to the company s regulatory filing to BSE, the company s standalone revenue from operations slipped 28 per cent in the third quarter to Rs 17,023.80 crore, compared to Rs 23,710.05 crore in the year-ago period. The company s quarterly performance was impacted by crude oil and natural gas prices due to the COVID-19 pandemic, as well as volatile global crude oil and natural gas markets. ....