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ONGC reports 58% jump in Q1 net profit

03 Aug 2018 Evaluate

Oil and Natural Gas Corporation (ONGC) has reported results for first quarter ended June 30, 2018.

The company has reported 58.15% rise in its net profit at Rs 6,143.88 crore for the quarter under review as compared to Rs 3,884.73 crore for the same quarter in the previous year. Total income of the company increased by 39.47% at Rs 27,862.71 crore for Q1FY19 as compared Rs 19,977.28 crore for the corresponding quarter 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.

Peers
Company Name CMP
ONGC 221.85
Oil India 452.55
Jindal Drilling&Inds 598.45
Deep Industries 796.35
Asian Energy Service 476.20
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