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Oil & Natural Gas Corporation reports 14% rise in Q1 net profit

13 Aug 2015 Evaluate

Oil & Natural Gas Corporation has reported results for first quarter ended June 30, 2015.

The company has reported 14.18% rise in its net profit at Rs 5459.90 crore for the quarter ended June 30, 2015 as compared to Rs 4781.79 crore for the same quarter in the previous year. The company’s total income has increased by 3.89% to Rs 23631.46 crore for the quarter under review from Rs 22746.45 crore for the corresponding quarter of the previous year.

ONGC is an Indian multinational oil and gas company headquartered in Dehradun, India. It is India’s largest oil and gas exploration and production company. It produces around 69% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas.

Peers
Company Name CMP
ONGC 221.65
Oil India 452.60
Jindal Drilling&Inds 598.50
Deep Industries 797.15
Asian Energy Service 480.45
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