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ONGC registers 6% growth in Q2 net profit

27 Oct 2016 Evaluate

Oil & Natural Gas Corporation has reported results for second quarter ended September 30, 2016.

The company has reported 6.27% rise in its net profit at Rs 4974.92 crore for the quarter ended September 30, 2016 as compared to Rs 4681.39 crore for the same quarter in the previous year. Total income of the company decreased 9.77% to Rs 19578.65 crore for the quarter under review from Rs 21698.54 crore for the corresponding quarter in 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 $31 billion.


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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