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  Business   Companies  02 Aug 2018  ONGC Q1 net profit up 58 per cent to Rs 6,144 crore

ONGC Q1 net profit up 58 per cent to Rs 6,144 crore

PTI
Published : Aug 2, 2018, 5:39 pm IST
Updated : Aug 2, 2018, 5:39 pm IST

The company said in a stock exchange filing that its revenue from operations rose to Rs 27,212.83 crore.

State-owned Oil and Natural Gas Corp (ONGC) on Thursday reported 58 per cent jump for the June quarter net profit on realising higher prices for its produce.
 State-owned Oil and Natural Gas Corp (ONGC) on Thursday reported 58 per cent jump for the June quarter net profit on realising higher prices for its produce.

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) on Thursday reported 58 per cent jump for the June quarter net profit on realising higher prices for its produce.

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.

Tags: oil and natural gas corp, net profit, oil prices, oil producers
Location: India, Delhi, New Delhi