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ONGC reports 3-fold jump in Q3 consolidated net profit

12 Feb 2022 Evaluate

Oil and Natural Gas Corporation (ONGC) has reported results for third quarter ended December 31, 2021.

The company has reported above 6- fold jump in its net profit at Rs 8763.72 crore for the quarter under review as compared to Rs 1258.12 crore for the same quarter in the previous year. Total income of the company increased by 64.26% at Rs 29964.55 crore for Q3FY22 as compared Rs 18242.56 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 3-fold jump in its net profit at Rs 11636.67 crore for the quarter under review as compared to Rs 3637.28 crore for the same quarter in the previous year. Total income of the company increased by 44.33% at Rs 147814.67 crore for Q3FY22 as compared Rs 102416.84 crore for the corresponding quarter previous year.

Peers
Company Name CMP
ONGC 235.50
Oil India 485.05
Jindal Drilling&Inds 598.10
Deep Industries 729.95
Aban Offshore 14.21
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