Oil & Natural Gas Corporation (ONGC) has reported results for third quarter ended December 31, 2015.
The company has reported 64% fall in its net profit at Rs 1285.62 crore for the quarter ended December 31, 2015 as compared to Rs 3571.20 crore for the same quarter in the previous year. The company’s total income has decreased by 4.64% to Rs 19359.57 crore for the quarter under review from Rs 20302.02 crore for the corresponding quarter of the previous year.
ONGC is India's largest government-run corporation and produces about 70% of India's crude oil and natural gas. The corporation is the biggest public sector commercial organization in India with current market capitalization of about USD 31 billion.
