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ONGC reports 58 percent jump in net profit

Its net profit of Rs 6,143.88 crore, or Rs 4.79 per share, in the first quarter of 2018-19 fiscal was higher than Rs 3,884.73 crore, or Rs 3.03 a share, in the year-ago period.


PTI 02 Aug 2018, 11:55 AM India

State-owned Oil and Natural Gas Corp (ONGC) today reported 58 percent jump for the June quarter net profit on realizing higher prices for its product.

Its net profit of Rs 6,143.88 crore, or Rs 4.79 per share, in the first quarter of 2018-19 fiscal was higher than Rs 3,884.73 crore, or Rs 3.03 a share, in the year-ago period.

The company said in a stock exchange filing that its revenue from operations rose to Rs 27,212.83 crore from Rs 19,073.54 crore in April-June period of last fiscal.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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