Oil & Natural Gas Corporation (ONGC) has reported results for first quarter ended June 30, 2016.
The company has registered 21.16% fall in its net profit after tax at Rs 4232.54 crore for the quarter as compared to Rs 5368.36 crore for the same quarter in the previous year. Total income of the company decreased by 20.24% at Rs 18737.18 crore for quarter under review as compared to Rs 23491.09 crore for the quarter ended June 30, 2015.
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 $31 billion.
