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Ongc Q4 Net Profit Collapses 53% to Rs 5,701 Crore, Declares Dividend

The results fell after the close of market hours. ONGC shares ended at Rs 163.60, down Rs 2.70, or 1.62% on BSE.

State-owned Oil and Natural Gas Corporation (ONGC) on Friday reported a 53% year-on-year (YoY) decline in consolidated net profit to Rs 5,701 crore for the fourth quarter ended March 31, 2023.

In the corresponding quarter of last year, the company recorded a net profit of Rs 12,061 crore.

In the March quarter, operating revenue stood at Rs 1.64 lakh crore in the review period, up 5% from Rs 1.55 lakh crore in the corresponding period of the year. ‘Previous exercice.


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