ONGC reports 24% fall in Q1 consolidated net profit

14 Aug 2019

Oil and Natural Gas Corporation (ONGC) has reported results for first quarter ended June 30, 2019.

The company has reported a marginal fall of 3.90% in its net profit at Rs 5,904.25 crore for the quarter under review as compared to Rs 6,143.88 crore for the same quarter in the previous year. Total income of the company decreased marginally by 2.01% at Rs 27,302.24 crore for Q1FY20 as compared Rs 27,862.71 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 24.42% in its net profit at Rs 7,042.69 crore for the quarter under review as compared to Rs 9,317.66 crore for the same quarter in the previous year. Total income of the company decreased marginally by 0.32% at Rs 111,116.66 crore for Q1FY20 as compared Rs 111,469.03 crore for the corresponding quarter previous year.

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